Amazon is engaged on a TV sequence about FTX drama with Russo Brothers • TechCrunch | Shock Tech

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The FTX drama is not over but, and Amazon desires a bit of it. The corporate is teaming up with the Russo brothers, finest recognized for Marvel motion pictures, to placed on a present in regards to the spectacular collapse of the large cryptocurrency empire.

Amazon partnered with the duo’s manufacturing firm AGBO to make the present, which can start manufacturing in spring 2023, Selection first reported. Amazon can also be attempting to rent the brothers to run the present, the report added.

The corporate confirmed the information in an announcement and mentioned “Hunters” creator David Weil will write the pilot.

“We’re excited to proceed our glorious working relationship with David, Joe, Anthony and the AGBO workforce with this thrilling sequence of occasions. I am unable to consider higher companions to convey this multifaceted story to our international Prime Video viewers.” mentioned Amazon Studios head Jennifer Salke.

The Russos are additionally working with Amazon to create a multinational worldwide spy sequence referred to as “Citadel.”

“This is among the most brazen frauds ever dedicated. It cuts throughout many sectors: movie star, politics, academia, know-how, crime, intercourse, medicine, and the way forward for trendy finance,” the Russos mentioned of the upcoming present surrounding FTX in an announcement. “On the middle of all of it stands an especially mysterious determine with advanced and doubtlessly harmful motivations. We need to perceive why.”

FTX collapse

FTX and its former CEO, Sam Bankman-Fried, have been on the middle of media protection world wide after the infamous cryptocurrency alternate crashed earlier this month.

Coindesk beforehand reported worrisome financials from Alameda Analysis, the buying and selling firm based by Bankman-Fried and carefully associated to the alternate. The report set off a sequence of occasions, culminating in Binance CEO Changpeng “CZ” Zhao revealing plans to promote FTX’s native FTT token that he had acquired as a part of an funding exit from the corporate.

The transfer shook the boldness of retail traders and sparked a financial institution run on FTX and revealed fraudulent misuse of FTX shopper knowledge.

Bankman-Fried, who alongside along with his agency has attracted regulatory scrutiny in current weeks, tried to save lots of FTX by signing a deal to be acquired by Binance, its principal rival on the time. Binance pulled out of the deal after discovering out that FTX had dug too deep a gap in its stability sheet. Inside days, FTX filed for chapter and Bankman-Fried resigned as CEO.

Within the wake of this chaos, Bankman-Fried gave a Vox reporter an interview through Twitter direct messages by which she criticized regulators and expressed remorse at submitting for chapter and recanted most of the beliefs she had held. proven about himself to the world. . Since then, studies have additionally discovered that FTX used company funds to purchase homes. for workers and owes the highest 50 collectors plus $3 billion.

Bankman-Fried is scheduled to talk on the Dealbook summit subsequent week, so we might hear extra about what is going on on with FTX quickly.

showtime

All of this makes for a superb TV, for positive. It additionally helps that startup founders doing issues have turn out to be a little bit of a sleeper hit of a style in recent times, as evidenced by hits like “WeCrashed” (Apple TV+) on the WeWork fiasco and Adam Neumann’s “Dropout” (Hulu ) in Theranos-Elizabeth the Holmes saga, and “Tremendous Pumped” (Showtime) in Uber directed by Journey Kalanick. So Amazon is raring to have a success present centered on a controversial tech founder in its catalogue. However we may see extra adoption of the FTX story.

Earlier this week, Deadline reported that consumers, together with Apple, want to signal the yet-to-be-published ebook by celebrated creator Michael Lewis. Lewis, who beforehand wrote hits that have been later tailored into motion pictures like “The Large Brief,” “Moneyball” and “The Blind Facet,” had been following Bankman-Fried carefully for greater than six months earlier than the current implosion.

Amazon’s present can be primarily based on “inner reporting” by a number of journalists who’ve coated the difficulty extensively, in accordance with Selection.

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Amazon is working on a TV series about FTX drama with Russo Brothers • TechCrunch

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