- Fallen crypto mogul Sam Bankman-Fried (SBF) is going to Hollywood.
- SBF’s controversial story is set to be adapted into a movie.
- Bankman-Fried is yet to accept responsibility for his deeds.
The rise and fall of disgraced mogul Sam Bankman-Fried (SBF) is one of the crypto industry’s most controversial chapters, marking one of the largest financial fraud cases in history. Once the founder and CEO of a leading crypto exchange, SBF masterminded a web of deceit and fraud that wiped out billions from the industry and left many in disbelief.
Two years after the scandal, his infamous story may be coming to the big screen.
SBF-Themed Movie to Make Hollywood Debut?
An adaptation of SBF’s wild story may soon become the latest blockbuster movie to hit the cinemas. According to a recent Variety report, Apple Studios and A24 are collaborating on a movie based on a book by author Michael Lewis, which details the highs and lows of the former mogul’s career.
Sponsored
Released in October 2023, the book Going Infinite: The Rise and Fall of a New Tycoon tells the story of Bankman-Fried’s rise and collapse and his now-defunct crypto empire, including the crypto exchange FTX and hedge fund Alameda Research.
The 32-year-old once boasted a net worth topping $26 billion, making him the worldโs youngest crypto billionaire at the time of his reign. Today, the former FTX founder is convicted on various counts of criminal charges and is now serving a 25-year prison sentence.
Reports confirm that American writer and director Lena Dunham will script the SBF film adaptation, though details about the cast and release timeline are still under wraps.
Meanwhile, the convicted former crypto mogul continues denying responsibility for his misdeeds and actively seeks to overturn the consequences of his actions.
Bankman-Fried Seeks to Get out of Jail
Despite his conviction on several counts of fraud, Bankman-Fried continues to deny any wrongdoing in the FTX collapse. The former CEO has recently intensified his bid for freedom, appealing his 25-year prison sentence because his trial was unfair.
SBFโs legal team claims that the judge overseeing the case and the broader judicial proceedings showed bias, arguing that the court presumed his guilt from the outset.
โSam Bankman-Fried was never presumed innocent. He was presumed guiltyโbefore he was even charged," read the filing, adding that โhe was presumed guilty by the judge who presided over his trial.โ
SBF now seeks the reversal of his conviction and a re-trial before a different judge.
On the Flipside
- Some critics argue that Lewisโs book is a poor choice for the movie as it does not fully capture the scale and complexity of the SBF saga.
- Several of SBFโs associates have also faced legal consequences for their roles in the scandal.
- Thousands of FTX users who suffered financial losses remain in a state of uncertainty.
Why This Matters
As one of the most controversial stories in history, an adaptation of SBF’s rise and fall into a movie is almost inevitable. This highlights the lasting impact of such grave misdeeds and underscores the importance of better industry representation by influential figures.
AuthoritIes have recently uncovered extra funds tied to the FTX fraud; read here for more details:
DOJ to Seize $16M in FTX Bribes, Mostly in Solana
BTC is facing resistance at its new price level; find out more about its performance here:
Bitcoinโs $100K Rally Stalls as Market Doubts Trump Pump