It’s the aftermath of the GameCease saga another time. The newest information stemming from the crypto change FTX’s colossal downfall — and the large authorized cloud that now hangs over CEO Sam Bankman-Fried — is that Apple is near a deal for the rights to Michael Lewis’ forthcoming guide about the entire messy affair.
The iPhone maker is rumored to be taking a look at a seven-figure deal to adapt the guide right into a film for Apple TV Plus, one in all a number of movie and documentary initiatives within the works proper now about FTX, because it additionally faces nonstop information protection, lawsuits, and investigations. By my depend, there are at the least 4 such FTX-related movie initiatives in some stage of improvement in the mean time, much like the mad scramble to launch movies and documentaries unpacking the Reddit-driven GameCease inventory story from 2021.
FTX information immediately: A possible Apple TV Plus film
Lewis — the writer of Moneyball and The Big Short — is a monetary journalist and one-time bond salesman who embedded himself with Bankman-Fried for months as he wrote his guide. Whether or not he noticed something untoward himself is one other story altogether.
Maybe, for instance, Lewis got here face-to-face with or heard about proof of misdeeds however selected to maintain again the particulars for his guide. Or perhaps he noticed completely nothing in any respect, which would appear to name into query Lewis’ bona fides and whether or not he was merely embarking on company portraiture right here.
Either manner, one Twitter person posting in regards to the information referenced the primary journalist to essentially query the Enron story: “Don’t give a f–k about Michael Lewis, have Bethany McLean tell the FTX story.”
Apple’s streamer already has at the least one title alongside these similar strains. It’s The Big Conn, a kind of real-life Better Call Saul-story story a few small-town lawyer named Eric C. Conn (sure, that’s his precise title), who was accused of defrauding the federal government out of tens of millions of {dollars}.
Other movie initiatives and FTX developments
Separate from no matter FTX mission Apple decides to maneuver ahead with, there may be additionally an adaptation of a New York journal article about FTX’s collapse within the works from writer-director Graham Moore (the filmmaker behind The Imitation Game). At least two documentaries are additionally coming, one from a Vice Media partnership with The Information.
In phrases of different FTX information and developments, the change is now a goal of at the least one lawsuit accusing it of being primarily a Ponzi scheme. Federal investigations from the US Dept. of Justice and the Federal Trade Commission are additionally trying into what occurred, and a chapter continuing has additionally revealed stunning new particulars about what transpired behind the scenes.
For instance, Reuters studies that Sam Bankman-Fried’s dad and mom and senior FTX executives purchased at the least 19 properties price almost $121 million within the Bahamas, the place FTX arrange its headquarters, official property data present.
An lawyer this week additionally advised a chapter choose that the change was run as a “personal fiefdom” of Bankman-Fried.
