Apple Buys Film Rights to a Book About FTX Former CEO

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Apple reportedly paid $5 million for the rights to film a book based on the story of the founder of the now-bankrupt crypto exchange FTX, Sam Bankman-Fried.

According to The Ankler, the book Going Infinite: The Rise and Fall of a New Tycoon will be released on October 3, the same day as Bankman-Fried’s trial begins in New York.

Michael Lewis is an American author and financial journalist who is well-known for his best-selling books Liar’s Poker and The Big Short, which was adapted into a film and grossed over $133 million worldwide against a budget of $28 million.

In 2022, Netflix released the documentary “Trust No One: The Hunt for the Crypto King” about the death of QuadrigaCX’s founder Gerald Cotton, as well as a series about Ilya Lichtenstein and Heather Morgan, two people accused of laundering assets stolen from the Bitfinex trading platform.

Later that year, FTX filed for bankruptcy and Bankman-Fried was arrested in the Bahamas and later extradited to the US, eventually being released on a bail of $250 million.