Apple has reportedly secured the rights to an upcoming book about Sam Bankman-Fried, the embattled founder of the now-bankrupt cryptocurrency exchange FTX, who is also facing legal charges. The book, titled “Going Infinite: The Rise and Fall of a New Tycoon,” is penned by renowned author Michael Lewis and was acquired by Apple for $5 million, according to The Ankler.
Michael Lewis, well-known for his works like “The Big Short” and “The Blind Side,” both of which were adapted into Hollywood movies, spent a year closely observing Bankman-Fried to chronicle his rise and subsequent fall.
Besides Lewis’s book, there are purportedly eight other Hollywood projects in the works that focus on Bankman-Fried’s story, one of which is a documentary by Nanette Burstein, known for her 2020 film about former U.S. Secretary of State Hillary Clinton. Burstein’s project will reportedly offer exclusive inside coverage of the story.
In addition, Amazon has greenlit a limited series centered around the collapse of FTX, which occurred in November 2022. However, all these projects are expected to face delays due to the ongoing 2023 Writers Guild of America (WGA) strike.
Once a prominent figure in the crypto world who had connections with influential people in Washington, Bankman-Fried stepped down as CEO of FTX following the company’s $8 billion crash. He now faces multiple criminal charges, including fraud, brought against him by U.S. authorities. Meanwhile, his former company, now led by CEO John Ray III, has filed a $1 billion lawsuit against him and other former executives.
While Bankman-Fried denies the accusations against him, four ex-executives from his crypto ventures, including the former head of Alameda Research, Caroline Ellison, have pleaded guilty.
Bankman-Fried’s trial is slated to commence on October 3, coinciding with the planned release date of Michael Lewis’s book, “Going Infinite.”