In an effort to tell the compelling tale of Sam Bankman-Fried, who was the disgraced bitcoin tycoon, a flurry of Hollywood projects are presently in development. Apple has agreed to pay Berkley writer Michael Lewis a total of $5 million for the publishing rights for his upcoming book, “Going Infinite: The Rise and Decline of a New Tycoon.” Lewis spent a year living and working with Bankman-Fried, giving readers a close-up view of the businessman and his disintegrating FTX enterprise.
On the third of October, Lewis’ book will be released, which also happens to be the day of Bankman-Fried’s trial for suspected fraud and conspiracy. Lewis’ idea is only among at least seven Hollywood initiatives centered on Bankman-Fried’s narrative, though. The New York Times writer writer Andrew Ross Sorkin but Oscar-winning writer Graham Moore both have ideas in the works, while Mark Wahlberg’s film business is also working on things. Youtube has also commissioned an eight-episode limited series. Additionally, Bankman-Fried will be exclusively featured in a documentary being produced by Gili Burstein.
There have been analogies made between the fall of FTX and other real-life fraudsters including Theranos Inc creator Elizabeth Holmes’s and socialite Anna Delvey, who lost approximately $9 billion in unrecovered client payments. Bankman-Fried’s tale, nevertheless, might not appear to be as glamorous as that of Holmes or Delvey. Bankman-Fried’s look is compared to a schlubby representation of Silicon Valley’s business casual image rather than the splendor frequently associated with enthralling tales of deception and fraud.
However, Bankman-Fried’s privileged upbringing and bold deeds makes for a gripping story. Bankman-Fried was brought up to believe that moral standards were irrelevant to him despite coming from a distinguished legal academic family at Stanford. His tale also provides the joy of witnessing haughty elites fall from power. Bankman-Fried was placed under home confinement at his parents’ magnificent Stanford campus house after being released on a $250,000,000 bond, which sparked uproar among the general public. Yet, he lost this advantage when proof of witness manipulation surfaced, which led to the cancellation of his release.
Bankman-Fried is presently detained and dealing with cruel treatment in a detention facility; he is not conscious of the media flurry around his case. However, his imprisonment until trial and likely lengthy jail punishment, if found guilty, may provide any upcoming movies or TV shows a dramatic climax.