Netflix has released a trailer for an eight-episode series about the events leading up to the collapse of crypto exchange FTX, with the story centered on former CEO Sam Bankman-Fried and Caroline Ellison, the head of Alameda Research and his colleague and girlfriend. The series is scheduled to debut on Nov. 19, with Anthony Boyle playing Bankman-Fried and Julia Garner portraying Ellison.
The trailer highlights a line about how "going all in on math every time is the optimal strategy," a remark that appears to point to allegations that FTX used customer funds for high-risk investments. In another line, Ellison says, "Lying isn’t bad if it’s for a good cause," echoing testimony she gave in court in 2023.
That testimony said Bankman-Fried believed rules against lying and stealing did not necessarily apply under effective altruism, a philosophy focused on doing as much good as possible, including by accumulating wealth and donating it to charity. After FTX collapsed and entered bankruptcy, Bankman-Fried, Ellison and others were charged in December 2022. Ellison pleaded guilty and cooperated with prosecutors, while Bankman-Fried went to trial, was convicted on seven fraud felonies and sentenced to 25 years. As of October, he remained in federal prison while seeking a pardon from President Trump and asking the Supreme Court to overturn his conviction. Ellison was released in January.
Netflix has released a trailer for an eight-episode series about the events leading up to the collapse of crypto exchange FTX, with the story focused on former CEO Sam Bankman-Fried and Caroline Ellison, the head of Alameda Research, FTX’s sister company, as well as his colleague and girlfriend.
The series is set to premiere on Nov. 19. Anthony Boyle plays Bankman-Fried, while Julia Garner plays Ellison.
Trailer lines point to the FTX customer fund controversy
The trailer stresses that "going all in on math every time is the optimal strategy," a line that appears to point to FTX’s use of customer funds for high-risk investments. In the trailer, Garner’s Ellison also says, "Lying isn’t bad if it’s for a good cause."
The line echoes Ellison’s testimony during court proceedings in 2023. She said Bankman-Fried believed rules against lying and stealing did not necessarily apply to effective altruism, a philosophy that argues people should do as much good as possible, including by building wealth and donating it to charitable causes.
Where the FTX criminal cases stand
After FTX collapsed and filed for bankruptcy, Bankman-Fried, Ellison and others were charged in December 2022. Ellison later pleaded guilty and testified for prosecutors. Bankman-Fried chose to go to trial, was convicted on seven fraud felonies and received a 25-year prison sentence.
As of October, Bankman-Fried remained in federal prison. He has asked President Trump for a pardon and is also seeking to have the Supreme Court overturn his conviction. Ellison was released in January.
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