Apple Nearing Deal for Film About Sam Bankman-Fried and the Collapse of FTX

[MacRumors]

Apple is close to a deal for the book rights to Michael Lewis' story about the fall of entrepreneur Sam Bankman-Fried and his cryptocurrency trading platform FTX, reports Deadline.

The author of Moneyball, The Big Short, and The Blind Side spent six months will Bankman-Fried before his crypto exchange collapsed earlier this month. Bankman-Fried resigned as CEO of FTX, which was once understood to be worth up to $26 billion before it filed for Chapter 11 bankruptcy, amid allegations of fraud and mishandled customer funds.

With the story expected to be turned into a feature film, Deadline's sources peg the deal at mid-seven figures. If Apple successfully closes, the report suggests it will have beaten competition from the likes of Amazon and Netflix.

Lewis' book will attempt to explain the fall of Bankman-Fried's crypto empire, which forced him to put up his Bahamas resort up for sale. He and FTX are now under investigation in the U.S. and other countries for possible securities violations. FTX's implosion has also seen celebrities Tom Brady and Larry David being sued for their part in its promotion.

Article Link: Apple Nearing Deal for Film About Sam Bankman-Fried and the Collapse of FTX

 

[enterthemerdaverse]

Oh dear…

At least wait until all the blood letting and chest beating has played out.

We still have to see what is going to happen to all the politicians and CFTC regulators who were bought off with bribes, the international laundromat known as Binance and the Tether counterfeit digital dollar scam.

 

[gpat]

Is it going to be an hardcore porn movie? It should be if you know the background of FTX.

 

[madmin]

He should change his name to Fried-Bank-Man

 

[Mr. Dee]

Too soon, this almost like artistic TMZ.

 

[Return Zero]

Too soon…

 

[Pilot Jones]

I hope they use David Fincher's The Social Network as the blueprint on how to properly depict these greedy tech bros who pretended to revolutionise the world while cheating every single person they possibly could.

In less competent hands, this will just end up being another biopic glorifying someone who doesn't deserve to be glorified.

 

[Eldaerenth Faexidor]

Wow that’s fast. Lol.

 

[Sciomar]

I hope it openly exposes all who made this corruption possible and shows the trail of where the money went.

 

[jonnysods]

Blimey didn't this just happen 2 or 3 weeks ago and someone has a script?

 

[bookofxero]

Blimey didn't this just happen 2 or 3 weeks ago and someone has a script?

It is like obituaries for celebrities and heads of state - you know it is going to happen anyway, so you always have a fairly recent draft ready to go.

 

[siri_3005]

Why make a movie about it all of a sudden? At least wait for a few months before jumping onto producing a movie about it so you can get your ideas worked out.

 

[aknabi]

His name is the 3 act story:
Sam -> Bankman -> Fried

 

[SnappleRumors]

I predict Seth Rogen will play Sam Bankman-Fried and Mike Tyson will appear playing himself.

 

[andrewxgx]

people lost a lot of money and they just look at this for next cash grab? welcome to vulture capitalism

 

[mdnz]

I hope it openly exposes all who made this corruption possible and shows the trail of where the money went.

Apple's investors will not allow this.

 

[1557750]

I hope it openly exposes all who made this corruption possible and shows the trail of where the money went.

It’ll be all drama, language and focused facts. The “whole truth and nothing but the truth” doesn’t exist anymore.

I’ll be skipping it for sure.

 

[foobarbaz]

Blimey didn't this just happen 2 or 3 weeks ago and someone has a script?

Nobody said there was a script.

In an example of incredibly fortunate timing, the author has spent the last 6 months with the guy and is writing a book. Don't know if it's finished, but certainly now is the perfect time to sell the rights. His track record makes it look like a good bet for the bidders, as well.

Maybe a good chunk of the people staying at Twitter are doing it only to write a book, as well. 😆
I'm willing to bet there will be 3 Twitter movies in progress by the end of next year.

 

[mjs916]

Wow that’s fast. Lol.

That’s what sh…

Nevermind. But I was under the impression this is still playing out. Hopefully they don’t end up wasting a ton of money on a dud.

The author clearly has bonafides and a decent track record but still.

I’m guessing that competition mentioned in the article just isn’t going to let this kind of deal wait. I hope it works out for Apple TV+ sake.

 

[PowerButton]

Pretty soon for this unfolding story about greed and corruption that will no doubt have pseudonyms [except for Sam] 🤔

 

[anthogag]

Apple should do it quickly because like cryptocurrency it is all about selling hype. it is not too soon.

I hope regulators really go hard after celebrities and their involvements in hyping cryptocurrency scams.

 

[DocMultimedia]

One of those movies I won't even think about watching. Cryptocurrency. Whatever.

 

[enterthemerdaverse]

I hope it openly exposes all who made this corruption possible and shows the trail of where the money went.

Something like 80% of all these magic coins and tokens belong to like a few hundred people. If you think the wealth gap in the normal world is bad, in this crypto world it is 100000X worse. Just a completely money grab and totally rigged. Many of them are just ex-bankers and ex-brokers who used all their old tricks to create a new unregulated space to steal everyone’s money.

Whenever you create a new asset class, the rich will gobble it up. Even worse if they were pulling the strings ans created the asset class in the first place.

 

[aloysiusfreeman]

You'd think being shadowed by the author of the Big Short would give him a point of reflection.

 

[_Spinn_]

Seems a little soon. The fallout from this is still ongoing.