Netflix has green-lit an eight-episode restricted collection titled The Altruists, a dramatization of the eight-billion-dollar collapse of crypto change FTX and the downfall of its co-founder, Sam Bankman-Fried.
The present, produced underneath Barack and Michelle Obama’s Increased Floor banner, will star Julia Garner (3x Emmy winner) as former Alameda Analysis chief govt Caroline Ellison and Anthony Boyle as Bankman-Fried.
The narrative will chart FTX’s meteoric rise to a peak valuation of thirty-two billion {dollars} in January 2022, the publicity of the shopper shortfall, and Bankman-Fried’s eventual conviction in March 2024.
It would additionally discover the temporary romance {and professional} partnership between Bankman-Fried and Ellison, whose shared perception in efficient altruism framed their actions as ostensibly mission-driven whilst fraud mounted.
There may be apparent curiosity in how SBF might be portrayed within the collection. Will he be proven to be a flawed altruist (because the title could recommend) or as a prison mastermind, hellbent on defrauding traders and retail crypto traders alike?
Increased Floor may additionally should navigate the optics of its founders’ political ties, particularly in gentle of Bankman-Fried’s bipartisan marketing campaign donations.
What we all know thus far
Casting
- Anthony Boyle (Masters of the Air) portrays Sam Bankman-Fried, lately sentenced to 25 years in US federal jail.
- Julia Garner (Ozark, Inventing Anna) takes on Caroline Ellison, who cooperated with prosecutors and acquired a two-year sentence.
Inventive workforce
Oscar-winning screenwriter Graham Moore (The Imitation Sport) and veteran showrunner Jacqueline Hoyt (The Good Spouse) will steer the writers’ room. The pilot is about to be directed by James Ponsoldt (The Spectacular Now), whose fame for character-driven storytelling suits the challenge’s ambition to steadiness boardroom rigidity with private drama.
Manufacturing timeline
- Filming window: July – October 2025 in Vancouver, Canada.
- Submit-production and launch: A 2026 premiere is taken into account possible, aligning with Netflix’s present true-crime slate.
Key numbers
- 8 billion USD in misused buyer funds (courtroom filings).
- 32 billion USD peak valuation at FTX’s Collection C spherical.
- 25 years – Bankman-Fried’s sentence (28 March 2024).
- 2 years – Ellison’s sentence (24 September 2024).
- 8 episodes commissioned by Netflix.
With casting confirmed and pre-production underway, location scouts are finalising Vancouver stand-ins for FTX’s former Nassau headquarters and crypto convention venues. The writers’ room convenes in June, and an preliminary define is alleged to emphasise the stress between philanthropic intent and unchecked hubris.