The FTX Crisis Happened Unexpectedly! Why Did the Giants of the World Get Into Each Other?


Amazon Studios, Apple and Netflix are vying to acquire the film and TV rights to Michael Lewis’s book about the collapse of FTX. It was reported to crypto circles that Apple was close to signing the deal, and this caused a lot of excitement.

The Book of the FTX Collapse Is On the Way

American writer and financial journalist Michael Lewis will be working on a book about the collapse of FTX. It is reported that various publishing platforms are looking to make a deal for a series based on the book. Lewis had spent time with Sam Bankman-Fried, spending months with her when she was at the height of her fame.

Lewis rose to fame by writing books such as The Big Short, The Blind Side and Moneyball. All of them have also seen successful film adaptations. Taking a statistical approach to storytelling, Lewis offers intriguing insights into some remarkable events.

When the entertainment industry found out that Lewis was working on this book, they took action to get the rights. According to The Dish’s news, Amazon Studios and Netflix have also joined the race to buy the rights. The story will add a little more drama to the already notorious story. The good thing is that Lewis will also provide information about the inner workings of FTX, as he is in close contact with former CEO Bankman-Fried.

Apple is very close to a deal

Amazon Studios and Netflix are very keen to get the rights. It seems that Apple is also close to a deal. Lewis’s book is sure to get a lot of attention after it is published.

A number of films and TV series have been made based on notorious events in the technology sector. From WECRASHED to Super Pumped: The Battle for Uber, Hollywood has shown an interest in tackling the worst developments in tech.

SBF Buys Property Worth Hundreds of Millions
Dec-Bankman Fried, meanwhile, continues to be at the center of controversy as more details emerge about FTX’s operations. Reuters reports that Bankman-Fried, his family and executives have purchased 19 properties in the Bahamas worth about $121 million. A company unit also bought $300 million worth of property for senior staff.

The Wall Street Journal also reported that Bankman-Fried cashed out $300 million in the previous funding round in October 2021. Meanwhile, the stock market has raised $ 420 million. Bankman-Fried said at the time that this was a partial payback for the money he spent to buy rival Binance’s stake in FTX.

Are you following our Telegram address?

Leave A Reply

Your email address will not be published.