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It\u2019s been within the works for effectively over a yr and whereas it wants somewhat extra time within the oven earlier than Netflix formally unveils the challenge, we will report at present that the streamer is engaged on a giant new biopic collection on Sam Bankman-Fried and Caroline Ellison, the disgraced former CEO and government of the cryptocurrency change FTX.\u00a0<\/strong><\/p>\n Oscar-winner\u00a0Graham Moore<\/strong> is hooked up to write down and co-showrun with Barack and Michelle Obama\u2019s Higher Ground Productions, which is engaged on the challenge beneath their total take care of Netflix.\u00a0Moore is greatest recognized for writing on The Imitation Game<\/em>, The Outfit,<\/em> and The Holdout<\/em>.\u00a0James Ponsoldt<\/strong>\u00a0is reportedly on board to direct at the very least one episode, having beforehand labored on exhibits like Parenthood<\/em>, Shameless<\/em>, and Master of None<\/em>, and have movies like\u00a0Off the Black<\/em>\u00a0and\u00a0Smashed<\/em>. Jacqueline Hoyt <\/strong>is reportedly on board to co-showrun the eight-episode collection that\u2019s set to start manufacturing this Summer. Hoyt\u2019s earlier credit embody CSI: Crime Scene Investigation<\/em>, The Good Wife<\/em>, and The Leftovers.<\/em><\/p>\n Once hailed because the \u201cCrypto King,\u201d Sam Bankman-Fried, additionally recognized simply as SBF, was a rising star within the enterprise world, albeit somewhat unorthodox. He raised billions for his cryptocurrency change FTX and was hailed as a genius by many. Of course, his legacy was left in tatters as a result of by November 2022, the ground had begun to break down with crimes being uncovered and an enormous blackhole of buyer funds lacking. By March 2024, after a prolonged public court docket continuing, he was sentenced to 25 years in jail and ordered to forfeit $11 billion in property.\u00a0<\/p>\n We first obtained alerted that Netflix was eying some challenge primarily based on Sam Bankman-Fried earlier in 2024, when the streamer optioned 5 articles from Vox Media, with these being:<\/p>\n We then did some digging and came upon they have been growing this new collection from Higher Ground. We have been instructed early on that the brand new collection would concentrate on Sam\u2019s relationship with Caroline Ellison, his girlfriend who additionally served as an government on the cryptocurrency change firm. Netflix declined to touch upon the challenge after we first approached them in May 2024 and continues to take action now.\u00a0<\/p>\n\n