I’m not sure why, but I found the FTX disaster a lot more frustrating than any other crypto-related disaster.
For starters, I hate the ‘relatable, simple scruffy guy’ stereotype BS.
I hate it when people who are very rich pretend like they’re not.
I’m not saying every billionaire should wear Gucci, but money is made to be spent, and that’s why I personally like, for example, Zuckerberg’s new public persona.
He went from scrawny, plain t-shirt CEO to cool, million-dollar-watch-on-wrist CEO overnight. You may not like it, but at least he's being honest. And I'd take honesty over hypocrisy every day.
I also hate how the whole situation was handled before, during, and after.
I find it incredibly annoying that no one who promoted (shilled) FTX was held accountable.
I remember watching an interview with a very famous Canadian investor who was absolutely ridiculous to watch.
“I have Sam’s [Bankman-Fried] phone number. I wanna call him and ask him where’s the money?” he said on live TV.
Where is the money? It had been syphoned away. That’s where it went.
Well, now there’s a series about FTX and Bankman-Fried.
Available (soon) on Netflix, it’s titled The Altruists, an eight-episode limited drama series that chronicles the rise and fall of FTX, specifically its founders, Sam Bankman-Fried and Caroline Ellison.
Inspired by New York Magazine reporting by Kevin T. Dugan and Jen Wieczner, the series is apparently about the way these two were ‘idealists’, and it apparently also examines the interpersonal dynamics between the couple, along, of course, with the new legal consequences of the fracas.
The Altruists premieres globally on Netflix on November 19, 2026.