FTX Drama Unfolds on Netflix: The Altruists Explores Crypto Exchange's Downfall
Nearly four years after FTX's collapse sent shockwaves through the crypto space, the events leading up to its downfall are being dramatized in a new Netflix series. The Altruists, premiering on November 19, 2026, is an eight-episode limited series that explores the rise and fall of the beleaguered exchange through the relationship between Sam Bankman-Fried and Caroline Ellison.
The show's narrative centers around the intertwined personal and professional lives of Bankman-Fried and Ellison, whose romantic relationship became increasingly entwined with their business empire. The series draws inspiration from reporting in New York Magazine and features a supporting cast that includes key figures from FTX and Alameda Research, including Gary Wang and Nishad Singh.
Bankman-Fried was convicted of multiple counts of fraud and conspiracy in November 2023 and sentenced to 25 years in prison. Ellison pleaded guilty and cooperated with prosecutors, delivering testimony that proved devastating to Bankman-Fried's defense. Her cooperation earned her a two-year prison sentence.