Netflix is bringing the collapse of FTX to a scripted limited series centered on Sam Bankman-Fried and Caroline Ellison. The Altruists is expected to premiere worldwide on November 19 as an eight-part Netflix miniseries.

Anthony Boyle will portray Bankman-Fried, while Julia Garner will play Ellison, the former chief executive of Alameda Research. The series revisits the decisions, relationships and financial stakes surrounding the downfall of FTX, once one of the world’s largest cryptocurrency exchanges.

Netflix Turns the FTX Collapse Into a Crypto Drama

Netflix has characterized The Altruists as a story about the “love scorned prodigies” at the center of the FTX scandal. Rather than presenting the events as a documentary, the production dramatizes the relationship between Bankman-Fried and Ellison, along with the financial problems that led to FTX’s collapse.

The trailer frames their story through themes of risky behavior, personal relationships and the philosophical ideas that influenced the crypto empire’s leadership. A recurring message suggests that going “all in” again could be the best mathematical decision, echoing the high-risk trading environment surrounding FTX and Alameda before the exchange collapsed in 2022. A scripted treatment on a global streaming platform also places the saga before an audience that extends well beyond crypto’s regular followers, widening the reach of a case that reshaped debates over exchange oversight.

Netflix announced the series on X:

All in. Every time. Julia Garner and Anthony Boyle star as Caroline Ellison and Sam Bankman-Fried in this limited series about the love scorned prodigies behind the FTX scandal. The Altruists premieres November 19. — Netflix (@netflix) October 8, 2026

The post presents Garner and Boyle as Ellison and Bankman-Fried and confirms the November 19 premiere date.

Caroline Ellison Takes a Central Role

Ellison is presented as more than a supporting figure in Bankman-Fried’s story. The trailer includes discussions about lying for what is perceived to be a good reason and connects the drama with effective altruism, an idea that was prominent among FTX’s leadership. Effective altruism, the philosophical movement that urges followers to maximize their earnings so they can direct more money to charitable causes, shaped how Bankman-Fried and his circle presented themselves during FTX’s rise.

Ellison later played a pivotal role in Bankman-Fried’s criminal case. She pleaded guilty to charges related to the collapse, and her cooperation helped prosecutors obtain detailed evidence about the operations of Alameda and FTX before customer funds were lost and the exchange filed for bankruptcy.

Bankman-Fried’s Conviction Remains Central to the FTX Story

In 2023, Bankman-Fried was convicted on seven felony charges of fraud and conspiracy. He ultimately received a 25-year prison sentence. The case became one of the largest and most damaging criminal scandals in the cryptocurrency industry.

FTX had previously ranked among the world’s biggest crypto exchanges before its sudden unraveling, which involved roughly $8 billion in customer funds and caused severe losses across the sector. The scandal also became a turning point for discussions about cryptocurrency regulation, exchange transparency and the handling of customer assets.

‘The Altruists’ Set for November 19

As a Netflix Original, The Altruists will tell the FTX saga through an eight-part scripted miniseries rather than a documentary. The format gives the production more time to explore the friendship and professional relationship between Bankman-Fried and Ellison, as well as the financial issues that led to FTX’s demise.

The series is scheduled to premiere worldwide on November 19, putting the FTX scandal back into public focus nearly four years after the exchange collapsed and six months after the referenced timeline in the announcement.