Well, that didn't take long.
If you haven't been living under a rock, you've likely seen the news about the fall of FTX, one of the largest crypto trading platforms in the world today. Sam Bankman-Fried, the former CEO of the company, was seen as a god-like figure by the crypto and VC community due to his excellent trading skills.
However, the empire that Bankman-Fried built crumbled when FTX customers made a run on the bank after its competitor, Binance, sold its stake in FTT, the token that was issued by FTX. During the collapse, more issues came to light around how FTX was using its customer's money and concerns around theft and fraud by Bankman-Fried.
A film is on the way
Incredibly, through this entire process, Michael Lewis was following along with Bankman-Fried. Lewis, for those of you who are not familiar with the name, is the writer of a number of huge Hollywood films that are usually based on a true story. Some of the biggest films that have come from Lewis are Moneyball, The Big Short, and The Blind Side.
According to accounts, Lewis has been following Bankman-Fried for at least six months, so the author has likely gotten an inside look at a ton of shenanigans going on inside the company that many of us don't know just yet. Like his other writings, Lewis has been marketing a script for the story to be turned into a feature film. That's where Apple has stepped in.
According to a report from Deadline, the company is nearing a deal to acquire the film rights for a feature film based on a screenplay from Lewis. If it goes through, the company will have beaten out other streamers like Amazon and Netflix. Sources are saying that "they didn’t believe there was much to pitch other than the subject and the promise of a proper deep dive."
With Lewis' track record and the rumor that The Big Short's Adam McKay might be interested in directing, there are certainly the beginnings of a great film here. It's just crazy that we're already talking about a film while the collapse and fallout are still happening.
