Upcoming FTX documentary to give attention to SBF and CZ’s relationship

A brand new documentary on the FTX saga seems to be into the intricate relationship between Sam Bankman-Fried and Changpeng Zhao, the Binance founder. By a partnership by Fortune and Unrealistic Concepts, its producers purpose to supply a 360-degree private look into FTX.

Detailing the rise and fall of FTX

The bond between SBF and CZ has been in give attention to Twitter and in articles masking FTX’s fall. Nonetheless, in line with a Fortune editor-in-chief, Alyson Shontell, the brand new documentary will present a extra complete and private look into the FTX saga.

The documentary seems to be into how Bankman-Fried, raised in a household of excessive political connections and tutorial prowess, and Zhao, whose household escaped from China to Canada at 12, rose to fame within the crypto business. As well as, it’ll cowl how their friendship went via the bounds of them being allies, then rivals repeatedly.

Zhao was on the middle of FTX’s collapse. When November rolled round, the Binance CEO introduced his plans to liquidate the corporate’s place in FTT, FTX’s native token. 

He defined that the choice was made as “post-exit danger administration” led by data that had come up on FTX. As well as, he stated that Binance wouldn’t help those that go behind different crypto business gamers. These feedback led to a significant financial institution run. The transfer was additionally essential because it led to additional investigation into Alameda Analysis, FTX’s sister firm, on its fund administration.

Warfare with one another?

On Dec. 14, United States Senate committee members once more introduced their relationship to mild throughout a listening to earlier than the committee. Throughout this time, data on the conversations that SBF and CZ had earlier than the chapter submitting was revealed. In line with an investor Kevin O’Leary, the 2 have been at conflict with one another, and one deliberately put the opposite out of enterprise.

Notably, CZ has agreed to be a part of the documentary undertaking. As well as, different key Binance executives and FTX executives, and people from different high crypto firms, might be half.

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