The Altruists: FTX Scandal Drama

0:00You're listening to entertainment and celebrity news today, powered by the Daily News Now. Netflix is developing a new limited series called The Outruists about the FTX Crypto Scandal. Anthony Boyle star as a Sam Bankman freed, the founder convicted a fraud, while Julia Garner places ex-girlfriend Caroline Ellison, the former head. Of his hedge fund, Alameda Research, Hudson Williams from Heated Rivalry and Industry has joined the cast as Duncan Reingans, you, a co-founder of a crypto firm tied to Bankman Freeds, Bahamas Compound. Jennifer Gray from Dirty Dancing will portray Ellison's mother, an MIT professor, alongside other actors like Terry Chen as CZ and several newcomers. The story dies into how Bankman freed and Ellison, two young idealists, tried to overhaul global finance but ended up misusing $8 billion in customer funds. FTX collapsed in late 2022, leading to billions and losses across crypto.

1:00Bankman freed was sentenced to 25 years in prison after a guilty verdict on seven counts last year. Ellison cooperated with prosecutors, pleading guilty to seven charges and facing much less time behind bars. The eight episode series comes from Barack and Michelle Obama's Higher Ground Productions. It focuses on the rise and fall of FTX, with no plans for more seasons. This story is shared with support from our sponsor. It is a pillow that plays your podcast and music without earbuds, built for listening in bed.