FTX: Billions Lost, Betrayal & the Netflix Drama That Shocked Crypto 🍿💥
Remember the FTX collapse? 💥 Here’s what actually happened.
FTX was once one of the world’s biggest crypto exchanges, founded by Sam Bankman-Fried (SBF).
Behind the scenes, prosecutors proved that customer money was misused, including to cover losses at Alameda Research, the trading firm run by his then-girlfriend, Caroline Ellison.
When customers rushed to withdraw their money, FTX couldn’t meet the demand. In November 2022, it collapsed into bankruptcy.
âš– SBF was sentenced to 25 years in prison for fraud. Ellison pleaded guilty, cooperated with prosecutors, and served prison time.
Now Netflix is bringing the scandal to the screen in The Altruists, premiering Nov. 19. 🍿
A crypto empire, billions in losses, a complicated relationship and one of the biggest financial scandals in recent history.
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