Netflix has green-lit an eight-episode restricted sequence 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 Greater Floor banner, will star Julia Garner (3x Emmy winner) as former Alameda Analysis chief government 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 an eight-billion-dollar buyer shortfall, and Bankman-Fried’s eventual conviction in March 2024.
It can additionally discover the transient romance {and professional} partnership between Bankman-Fried and Ellison, whose shared perception in efficient altruism framed their actions as ostensibly mission-driven at the same time as fraud mounted.
There may be apparent curiosity in how SBF might be portrayed within the sequence. Will he be proven to be a flawed altruist (because the title might recommend) or as a prison mastermind, hellbent on defrauding buyers and retail crypto buyers alike?
Greater Floor may additionally must navigate the optics of its founders’ political ties, particularly in mild of Bankman-Fried’s bipartisan marketing campaign donations.
Casting
- Anthony Boyle (Masters of the Air) portrays Sam Bankman-Fried, not too long ago sentenced to 25 years in US federal jail.
- Julia Garner (Ozark, Inventing Anna) takes on Caroline Ellison, who cooperated with prosecutors and obtained a two-year sentence.
Inventive group
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 stability boardroom stress with private drama.
Manufacturing timeline
- Filming window: July – October 2025 in Vancouver, Canada.
- Publish-production and launch: A 2026 premiere is taken into account possible, aligning with Netflix’s current true-crime slate.
Key numbers
- 8 billion USD in misused buyer funds (court docket 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 underneath means, location scouts are finalising Vancouver stand-ins for FTX’s former Nassau headquarters and crypto convention venues. The writers’ room convenes in June, with an preliminary define mentioned to emphasise the strain between philanthropic intent and unchecked hubris.
