Apple close to deal on Sam Bankman-Fried movie and FTX collapse

Tim Hardwick

Apple is close to a deal to acquire the rights to Michael Lewis's book about the fall of entrepreneur Sam Bankman-Fried and his cryptocurrency trading platform FTX, according to Deadline.

By Moneyball, The Big Short and The Blind Side spent six months at Bankman Fried before its cryptocurrency exchange crashed earlier this month. Bankman-Fried has resigned as CEO of FTX, which was once valued at up to $26 billion before it filed for Chapter 11 bankruptcy amid allegations of fraud and misuse of customer funds.

With the expected history. turned into a feature film, Deadline sources put the deal in the mid-seven figures. The report suggests that if Apple successfully closes, it will outperform competition from the likes of Amazon and Netflix.

Lewis' book will attempt to explain the fall of the Bankman-Freed crypto empire that forced him to put up with his resort in the Bahamas is up for sale. He and FTX are currently under investigation in the US and other countries for possible violations of securities regulations. The FTX explosion also resulted in celebrities Tom Brady and Larry David being sued for their involvement in its promotion.

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