Collapse of FTX will become a series on Amazon with production by the directors of Marvel’s “Avengers”

Amazon has commissioned a miniseries based on the collapse of the FTX exchange from the directors behind Marvel’s “Avengers” franchise.

According to a report published in Variety On Thursday, Joe and Anthony Russo, the directors of “Avengers: Infinity War” and “Avengers: Endgame,” as well as Netflix’s “Occult Agent,” will produce the eight-episode series through their producer ABGO. The Russo brothers are also in talks to direct the series, as well as executive produce.

The series will be written by David Weil, whose previous credits include Amazon’s “Hunters” and “Solos” as well as Apple TV+’s “Invasion”. He will base his work on reports by several journalists who have covered the FTX saga and its founder and former CEO, Sam Bankman-Fried.

Describing the FTX collapse as “one of the most brazen frauds ever committed,” the Russo brothers called Bankman-Fried, “an extremely mysterious figure with complex and potentially dangerous motivations.”

According to Variety, “various Marvel actors” are in talks for roles in the series. Alongside the Russos, other executive producers on the series include AGBO’s Mike Larocca, Angela Russo-Otstot and Scott Nemes, as well as Natalie Laine Williams.

The FTX Saga and Hollywood

FTX was once a darling of the cryptocurrency industry and made headlines in the news for its sports sponsorships with big names like the Miami Heat basketball team, as well as partnerships with celebrities including Tom Brady and Gisele Bündchen. Its founder, Sam Bankman-Fried, 30 years old, was on the cover of important magazines there, such as Fortune and forbes🇧🇷

The FTX collapse took less than a week to destroy all of that.

After rival Binance began selling its holdings of FTX’s native FTT tokens, panicked investors began to withdraw their funds en masse from FTX. A few days later, FTX declared bankruptcy.

The entertainment industry has produced a number of works focusing on troubled entrepreneurs and their companies; Amanda Seyfried guest-starred as Theranos founder Elizabeth Holmes—recently sentenced to 11 years in prison for fraud—in Hulu’s “The Dropout,” while Jared Leto and Anne Hathaway recently portrayed WeWork founders Adam and Rebekah Neumann in “ Apple’s Wecrashed.”

So far, the cryptocurrency industry has attracted less attention from Hollywood, but that looks set to change, with several projects based on the meteoric rise and fall of Bankman-Fried and FTX underway.

According to a report by the The Hollywood Reporter earlier this week, Apple is closing a deal for the rights to Michael Lewis’s book over FTX. Lewis, the author of “The Big Short,” “Moneyball” and “Flash Boys,” spent six months “traveling and interviewing Sam Bankman-Fried” for the book, according to a letter released by his agency CAA.

Several non-fiction projects based on the FTX meltdown are being rushed out; according to The Hollywood Reporter, the non-fiction studio XTR is working on a documentary currently in production in the Bahamas, the home of FTX. Vice’s Media and Technology section The Information is producing another documentary.

*Translated by Gustavo Martins with permission from decrypt🇧🇷

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