TREE NEWS update: Netflix released the trailer for a series based on FTX founder Sam Bankman-Fried and former Alameda Research CEO Caroline Ellison. Bankman-Fried remains in federal prison following his 2023 conviction, while Ellison was released in January.
Netflix Drops Trailer for Series Based on FTX’s SBF and Caroline Ellison
This matters less as entertainment than as a marker of how the FTX collapse has settled into mainstream narrative — the industry's most damaging episode is now a streaming title, which tends to fix a simplified version of events in public memory. For the crypto and RWA sector, the practical concern is reputational: renewed attention to FTX arrives as the industry is still arguing it has matured, and dramatized versions rarely carry the regulatory nuance. The open question is whether the series revives the fraud-and-custody framing that institutional counterparts have spent years trying to move past.
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