A movie is to be made about the collapse of the FTX cryptocurrency exchange

Documentary production studio XTR has started shooting a movie about the collapse of the FTX cryptocurrency exchange and its owner, Сем Бенкман-Фрід" href="https://noworries.media/biography/sem-benkman-frid/" data-bio-id="3697">Sam Bankman-Fried. The film is directed by David Darg, an Oscar nominee and Emmy Award winner. The main filming will take place in the Bahamas, where FTX is headquartered. The film’s executive producers are Bryn Mawrer, Catherine Everett and Justin Laycob.

«FTX's collapse is the most sensational financial story since WallStreetBets crashed the stock market during the pandemic. This story reveals serious flaws in the world of cryptocurrencies,» the film’s producers said. «With exclusive access and our professional team already on the ground, we are excited to take a deep dive into this hugely important story that has already captured celebrities like Tom Brady. It’s exciting to embark on an exploratory journey, not knowing where the breadcrumbs will lead us.»

The creators of the film reported «unprecedented access to key FTX players». The film will showcase the corporate drama that has shaken the cryptocurrency industry, provoked a series of investigations by the authorities, and damaged the entire industry, which is «struggling to gain trust from a wide audience.»

As a reminder, the new head of FTX, John J. Ray, said that he had never seen anything worse in his career than the current state of affairs at Bankman-Fried. In his opinion, the situation on the exchange is «a complete failure of corporate control and lack of truthful financial information.» The exchange’s liquidity deficit is currently $ 8 billion.