Amazon is Reportedly Producing a Miniseries of FTX’s Downfall


Amazon is reportedly working on a miniseries about the collapsed cryptocurrency exchange and its notorious former CEO Sam Bankman-Fried, even though the real-world effects of FTX’s dramatic meltdown are yet to be materialized. 

The project will be produced by Anthony and Joe Russo’s AGBO production business, and the brothers may take on directing duties for a number of the episodes, reported first by Variety and The Verge

(Photo : Alex Wong/Getty Images)
WASHINGTON, DC – DECEMBER 08: CEO of FTX Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee at Rayburn House Office Building on Capitol Hill December 8, 2021 in Washington, DC.

Russos Takes the Lead

The show will be produced by Anthony and Joe Russo’s AGBO production business, and the brothers are apparently thinking about directing several episodes. 

According to Variety, Amazon has hired Invasion co-creator Dave Weil to executive produce the eight-episode miniseries, which is presently untitled and tells the story of how Bankman-Fried co-founded FTX and then led the organization to a liquidity crisis that ultimately led to his removal. 

Although no casting or showrunner announcements have been made, it is rumored that Amazon is interested in a lot of the stars the Russos worked with while directing Marvel blockbusters like Avengers: Infinity War. 

The Russos have mainly concentrated on comparatively smaller projects at AGBO after the release of Avengers: Endgame in 2019 such as Netflix’s The Gray Man with Chris Evans, and Apple TV Plus’ Cherry with Tom Holland. 

The story would pretty much revolve around a group of young people running the crypto to its success until it crashes and burns into bankruptcy. It would be interesting to see how the Russos take on such a narrative given that they are popular for their action and superhero films. 

The Russos said that the catastrophe at FTX is ideal for dramatization, and Amazon Studios CEO Jennifer Salke referred to Weil and the Russo as the perfect collaborators to present this complex narrative to their global Prime Video audience.

“It crosses many sectors-celebrity, politics, academia, tech, criminality, sex, drugs, and the future of modern finance. At the center of it all sits an extremely mysterious figure with complex and potentially dangerous motivations. We want to understand why,” the Russos said in a statement. 

Read Also: Apple Is Close to Buying the Rights to Michael Lewis’ Book on Sam Bankman-Fried, FTX Crash

“Insider Reporting”

Variety reports that specific information for the show’s plot is drawn from “‘insider reporting’ by a handful of journalists, however, Amazon has not revealed which reporters or newsrooms it is drawing from.

Amazon is reportedly planning to begin production sometime next spring, while there are presently no additional specifics available regarding the planned series.

Bankman-Fried was the CEO of the cryptocurrency company FTX before it went down earlier this month. His assets were estimated to be worth as much as $26 billion.

The business filed for Chapter 11 bankruptcy after he quit as CEO of the company. 

Related Article: FTX Reveals 8 Percent of Customers Come From Mainland China Amidst Beijing Crypto Ban

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Written by Jace Dela Cruz

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