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The ftx saga and the developments that led to the crypto exchange's collapse will be framed in a new documentary focusing on the volatile relationship between sam bankman-fried and one of his fiercest critics, changpeng zhao founding binance.
According to The Hollywood Reporter, the production is a partnership between media outlet Fortune and Unrealistic Ideas, a non-scripted production company co-founded by American actor Mark Wahlberg, Stephen Levinson and Archie Gips.
'the tumultuous relationship between sbf and cz took place to a certain extent in articles and on twitter.
This definitive documentary will give people a 360-degree personal view of the whole FTX saga," noted fortune editor Alyson Shontell in a statement shared with cointelegraph.
The film will concentrate on how bankman-fried, born in a large, politically connected university family, and zhao, whose family fled China for Canada when they were 12 years of age, two of the best figures in crypto space, and how they alternated between being allies and competitors. At the beginning of November 2022, the Binance CEO publicly disclosed plans to liquidate the company's entire position in FTX's native token, FTT ().
Related: FTX debtors seek subpoenas for inner circle of Sam Bankman-Fried
According to CZ, the decision reflected "post-exit risk management" due to “recent revelations" around FTX. In early November 2022, the CEO of BINANCE publicly announced his intention to fully liquidate the company's position in FTX's native token, FTT ().
Related: FTX debtors seek subpoenas for Sam Bankman-FriedOn CZ, the ruling reflects "post-exit risk management" due to "recent revelations" around FTX. During that period, He also argued that the binary "will not support people who lobby other industry actors behind their backs." ftx had a huge banking rush following the comments of cz.
The FTX went through a massive banking rush following comments from CZ. In a hearing before the United States Senate committee, investor Kevin O'Leary provided details about conversations with Bankman-Fried in the days before FTX filed for bankruptcy.
Another notable time in the relationship between crypto contractors came to light on December. 14. within the framework of a hearing before the American Senate Committee, Investor Kevin O'Leary elaborated on his conversations with Bankman-fried in the days leading up to the bankruptcy of ftx."
With this amazing business in terms of growth were at war with each other, and one set the other out of business, deliberately. As reported by Cointelegraph, Amazon’s video streaming service Prime is producing an eight-episode limited series about the scandals behind the crypto exchange. The rise and fall of the crypto empire of Bankman-Fried are the subject of a number of cinematic projects.
