Video streaming platform Netflix has released a trailer for its upcoming eight-episode series chronicling the events leading up to the collapse of cryptocurrency exchange FTX. The show centers on former CEO Sam "SBF" Bankman-Fried and Caroline Ellison, his colleague and girlfriend, who led the company's sister trading arm, Alameda Research.

In a Thursday post on X, Netflix showed footage from the series, which is set for release on Nov. 19 and is billed as being "about the love scorned prodigies behind the FTX scandal." Anthony Boyle stars as Bankman-Fried, while Julia Garner plays Ellison.

The trailer appears to center on the idea that "going all-in every time is the mathematically optimal strategy," an apparent reference to the exchange's high-risk investments made with user funds. "Lying isn't bad for a good cause," Garner says as Ellison in the trailer.

The line echoes Ellison's testimony at Bankman-Fried's 2023 criminal trial, when she said he believed rules against lying and stealing did not necessarily apply to effective altruism. The philosophy emphasizes doing the most good possible, including through "earning to give" — the practice of accumulating wealth in order to donate it to charitable causes.

The saga the show dramatizes remains one of the most consequential collapses in crypto history. Before filing for Chapter 11 bankruptcy in November 2022, FTX ranked among the world's largest exchanges and carried a $32 billion valuation, while Bankman-Fried had become one of Washington's most visible industry advocates and a major political donor. Prosecutors later said roughly $8 billion in customer funds had been diverted to Alameda, and the fallout ensnared firms with FTX exposure, including crypto lender BlockFi, which filed for bankruptcy weeks after the exchange. The collapse also drew congressional hearings and intensified regulatory scrutiny of US crypto firms, and it has been chronicled offscreen in Michael Lewis's 2023 book "Going Infinite."

Bankman-Fried, Ellison, and others tied to FTX and Alameda were indicted in December 2022 following the exchange's collapse and bankruptcy. Ellison accepted a plea deal and testified against Bankman-Fried, who chose to go to trial. He was found guilty on seven felony counts related to fraud and sentenced to 25 years in prison.

The bankruptcy itself has stretched into a yearslong wind-down: the estate, led since the filing by John J. Ray III, the restructuring veteran who oversaw Enron's liquidation, won court approval for a creditor repayment plan in 2024 and began distributing funds in February 2025.

As of October, Bankman-Fried had pending motions requesting a presidential pardon from Donald Trump and asking the US Supreme Court to overturn his conviction. Ellison was released from federal custody in January.

Separately, the US Senate unanimously adopted a resolution opposing clemency for Bankman-Fried.