Amazon is engaged on a TV sequence about FTX drama with Russo Brothers • TechCrunch | Frost 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 concerning 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 be making an attempt to rent the brothers to run the present, the report added.

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

“We’re excited to proceed our glorious working relationship with David, Joe, Anthony and the AGBO group with this thrilling sequence of occasions. I can not consider higher companions to convey this multifaceted story to our world Prime Video viewers.” stated Amazon Studios head Jennifer Salke.

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

“This is without doubt one of the most brazen frauds ever dedicated. It cuts throughout many sectors: celeb, politics, academia, expertise, crime, intercourse, medication, and the way forward for trendy finance,” the Russos stated 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 around the globe after the infamous cryptocurrency trade 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 trade. 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 obtained 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 information.

Bankman-Fried, who alongside along with his agency has attracted regulatory scrutiny in current weeks, tried to avoid wasting FTX by signing a deal to be acquired by Binance, its most important 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, reviews 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 could hear extra about what is going on on with FTX quickly.


All of this makes for an excellent TV, for positive. It additionally helps that startup founders doing issues have turn into 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 keen 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, need to signal the yet-to-be-published e-book by celebrated writer Michael Lewis. Lewis, who beforehand wrote hits that have been later tailored into motion pictures like “The Large Quick,” “Moneyball” and “The Blind Facet,” had been following Bankman-Fried carefully for greater than six months earlier than the current implosion.

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

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