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Netflix's 'The Altruists' dramatizes the FTX scandal, with Sam Bankman-Fried and Caroline Ellison at its center

9/4/2026

Netflix's "The Altruists" dramatizes the rise and fall of Sam Bankman-Fried and Caroline Ellison, the central figures in the FTX scandal, and creator Graham Moore has described the project in terms of crypto, love, and the collapse itself.

The choice to foreground the relationship between Bankman-Fried and Ellison inside a financial catastrophe is the show's defining creative bet.

Whether scripted drama can add something that exhaustive real-time coverage did not is the harder question. The case for Moore's approach is structural.

The FTX implosion had a shape most financial scandals lack: two people, a shared firm, a relationship, and a collapse that played out in public.

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