In about four years, there will be a movie that will take us inside the FTX meltdown that played out in real life this week.
It will showcase precisely how and why the company imploded, with the goofy CEO seeing his $26 billion “fortune” get wiped away in a matter of weeks.
It will have A-list stars, a killer cast, and probably win several awards.
How do I know this? Because Michael Smith, the top non-fiction writer working now and author of blockbusters like Moneyball, Flash Boys, The Blind Side, and of course, the Big Short, has been embedded with former CEO Sam Bankman-Fried for the past six months.
Right now, the curly-haired shamed exec is reportedly in the Bahamas, trying to figure out how to get to Dubai, where there is no extradition agreement with the United States.
The next part of this story to keep your eye on is how famous athletes and entertainers will be affected by the collapse of FTX.
Jacksonville quarterback Trevor Lawrence, the No. 1 pick in the 2021 NFL Draft, signed a big sponsorship deal with FTX last spring.
Tom Brady was an ambassador and shareholder, and his ex-wife Gisele Bundchen was advising FTX on social and environmental issues.
According to Fox, Steph Curry is also swept up in a mess; he’s another global ambassador for FTX and a partner on marketing deals.
Shaq was an ambassador and shareholder. And Shohei Ohtani of the Los Angeles Angels had a long-term partnership with FTX.
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