Are you ready for some crypto drama? Because Amazon is reportedly working on a series about FTX and its infamous co-founder Sam Bankman-Fried, who was ousted from the crypto exchange after leading it to bankruptcy.
According to a report by The Block, the e-commerce giant is developing a one-hour drama series tentatively titled “Crypto” that will be based on the rise and fall of the FTX cryptocurrency exchange. The show is being developed by Amazon Studios and is being written by Chris DeHarde, who also wrote an episode of the popular television show “Breaking Bad.”
The report says that the script for “Crypto” is still in its early stages and that it is not clear if the project will ultimately be greenlit by Amazon. However, if the show does make it to air, it is sure to be must-see television for anyone interested in the often wild and turbulent world of cryptocurrency trading.
FTX was founded in 2019 by Sam Bankman-Fried, a former derivatives trader at Jane Street Capital. The exchange quickly rose to prominence thanks to its aggressive marketing tactics and innovative products, such as leverage tokens that allow traders to trade with up to 100x leverage. However, FTX’s meteoric rise was cut short in 2020 when the COVID-19 pandemic caused a market crash that wiped out billions of dollars in value from the cryptocurrency market.
In the aftermath of the crash, FTX teetered on the brink of bankruptcy and Bankman-Fried was forced to step down as CEO. He was replaced by his right-hand man, Gary Wang, who has since successfully turned FTX around and made it one of the most popular cryptocurrency exchanges once again.
If Amazon’s “Crypto” series does make it to air, it is sure to be must-see television for anyone interested in the often wild and turbulent world of cryptocurrency trading. Whether you love him or hate him, there’s no denying that Sam Bankman-Fried is a fascinating figure in the world of crypto, and his story is one that definitely needs to be told. Stay tuned!