Netflix has released a trailer for an eight-episode series focusing on the collapse of cryptocurrency exchange FTX, centered around former CEO Sam Bankman-Fried, known as SBF, and his colleague and girlfriend, Caroline Ellison. The series, which will debut on November 19, highlights the high-risk strategies that contributed to FTX's downfall, including the use of user funds for aggressive investments. The trailer features Anthony Boyle as Bankman-Fried and Julia Garner as Ellison, with a key line from Garner echoing Ellison's testimony at Bankman-Fried's 2023 criminal trial. Ellison, who was released from federal custody in January, testified against SBF, who remains in prison after being convicted in 2023.
The series is part of Netflix's ongoing coverage of the FTX saga, which has been a focal point in the cryptocurrency industry. The collapse of FTX in 2022 led to significant legal repercussions for those involved, including indictments in December 2022. Ellison, who took a plea deal, and Bankman-Fried, who chose to go to trial, have since been separated by their legal outcomes. The series aims to provide insight into the events leading up to the collapse, with a focus on the high-stakes decisions and the ethical dilemmas faced by the individuals involved.
The release of the trailer comes as the cryptocurrency market continues to face challenges, with Bitcoin nearing a three-week low.