Former FTX COO Critiques Netflix’s Series on Exchange Collapse
- Constance Wang, former COO of FTX, criticized Netflix’s miniseries The Altruists, set to premiere on November 19.
- Wang described the portrayal of Caroline Ellison as aggressive and stated that most employees were unaware of her relationship with Sam Bankman-Fried until after FTX’s bankruptcy.
- At its peak, FTX had fewer than 200 employees, many of whom worked extensive hours for over three years.
- Wang claimed she was the last to leave the Bahamas after Bankman-Fried’s extradition and emphasized the impact of the collapse on employees’ lives.
- FTX announced its fifth round of payouts in July, totaling over $10 billion in compensation.
Wang expressed her distress over how the series romanticizes the scandal surrounding FTX, which devastated many lives, including those of its former employees. She noted that media portrayals often misrepresent the intense work culture at FTX.
The criticism highlights ongoing concerns about how narratives around cryptocurrency collapses are shaped in popular media, especially given that total compensation from FTX’s payouts exceeds $10 billion. Source
