Apple and A24 are growing a Sam Bankman-Fried film written by Lena Dunham

Apple and artwork home movie firm A24 are in early growth on a movie about convicted crypto scammer Sam Bankman-Fried with a script written by Lena Dunham, Variety reported. The undertaking will probably be based mostly on the Michael Lewis e book Going Infinite: The Rise and Fall of a New Tycoon that many critics discovered overly deferential to Bankman-Fried.

The e book describes the dizzying rise and equally vertiginous fall of Bankman-Fried and his FTX crypto alternate and Alameda hedge fund. Nonetheless, it paints the FTX founder as a benevolent prodigy and glosses over the truth that he embezzled billions of {dollars} from prospects and spent it on issues like movie star endorsements, political donations and high-end real-estate purchases.

FTX was price billions at its peak, however the alternate finally collapsed and Bankman-Fried was convicted of fraud and sentenced to 25 years in jail. Most FTX prospects will get their original investments back, plus curiosity, however that is based mostly on a bitcoin value of round $17,000 — and the present value is almost 5 instances that.

Basing the movie on Lewis’s fawning hagiography is not a promising begin. Hopefully, Dunham or different writers may also draw on much better books (like Numbers Go Up by Zeke Fake) that present the darkish, scammy aspect of crypto promoters like Bankman-Fried and the whole trade on the whole.

Apple Authentic Movies and A24 have introduced different collaborations not too long ago, together with the Spike Lee and Denzel Washington movie High and Low. Different scripted FTX tasks are additionally within the works, together with a limited Amazon Prime series from the Russo brothers based mostly on the 2022 FTX collapse.

Should you purchase one thing via a hyperlink on this article, we might earn fee.