Apple and A24 are growing a Sam Bankman-Fried film written by Lena Dunham

Apple and artwork home movie firm A24 are in early improvement on a movie about convicted crypto scammer Sam Bankman-Fried with a script written by Lena Dunham, Variety reported. The mission might be primarily based on the Michael Lewis ebook Going Infinite: The Rise and Fall of a New Tycoon that many critics discovered overly deferential to Bankman-Fried.

The ebook describes the dizzying rise and equally vertiginous fall of Bankman-Fried and his FTX crypto change and Alameda hedge fund. Nevertheless, it paints the FTX founder as a benevolent prodigy and glosses over the truth that he embezzled billions of {dollars} from prospects and spent it on issues like movie star endorsements, political donations and high-end real-estate purchases.

FTX was price billions at its peak, however the change finally collapsed and Bankman-Fried was convicted of fraud and sentenced to 25 years in jail. Most FTX prospects will get their original investments back, plus curiosity, however that is primarily based on a bitcoin value of round $17,000 — and the present value is almost 5 occasions that.

Basing the movie on Lewis’s fawning hagiography is not a promising begin. Hopefully, Dunham or different writers may even draw on much better books (like Numbers Go Up by Zeke Fake) that present the darkish, scammy aspect of crypto promoters like Bankman-Fried and your complete trade normally.

Apple Authentic Movies and A24 have introduced different collaborations lately, together with the Spike Lee and Denzel Washington movie High and Low. Different scripted FTX tasks are additionally within the works, together with a limited Amazon Prime series from the Russo brothers primarily based on the 2022 FTX collapse.

When you purchase one thing by way of a hyperlink on this article, we might earn fee.