Netflix is set to produce a series about the collapse of FTX. Emmy nominee Julia Garner will portray Alameda Research CEO Caroline Ellison, while the search for an actor to play platform co-founder Sam Bankman-Fried (SBF) continues.
Julia Garner to star as Caroline Ellison in a limited series about the collapse of cryptocurrency exchange FTX, and the relationship between FTX co-founder and chief executive Sam Bankman-Fried and his girlfriend and business associate Ellison. pic.twitter.com/Df1miZIjb4
— Film Updates (@FilmUpdates) May 2, 2025
The script will be entrusted to Oscar winner Graham Moore, according to What’s on Netflix.
Evan Peters, known for his role in the award-winning Netflix series DAHMER, may be cast as SBF, although negotiations regarding his participation remain uncertain.
Netflix secured the rights to adapt the story of FTX’s downfall and the relationship between Ellison and Bankman-Fried. Their romantic involvement will frame the narrative of the eight-episode series.
In September 2024, a court sentenced Ellison to two years in prison and the forfeiture of $11 billion on charges of fraud and money laundering.
SBF was arrested on December 12, 2022, in the Bahamas at the request of the U.S. government. In March 2024, he was sentenced to 25 years in prison on seven counts of money laundering, fraud, and conspiracy.
On February 20, Bankman-Fried once again claimed that at the time of its collapse, the exchange was solvent but illiquid. He also appealed to U.S. President Donald Trump for a pardon.