Former FTX COO criticizes Netflix trailer for FTX drama

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  • Constance Wang criticized Netflix's trailer for portraying FTX's collapse as a romance.
  • Fewer than 200 FTX employees reportedly worked 16- to 18-hour days.
  • November 19: Netflix debuts the eight-episode series starring Julia Garner, Anthony Boyle and Madison Hu.

Former FTX co-CEO and COO Constance Wang criticized Netflix's trailer for "The Altruists," an eight-episode series debuting November 19 about the exchange's collapse. Wang said most employees did not know about the relationship between FTX founder Sam Bankman-Fried and former Alameda Research CEO Caroline Ellison until after the bankruptcy, and accused Netflix of turning the disaster into a love story. She said fewer than 200 employees worked 16- to 18-hour days, challenging portrayals of FTX staff as partygoers in the Bahamas. Netflix cast Madison Hu as Wang, Julia Garner as Ellison and Anthony Boyle as Bankman-Fried. Bankman-Fried was convicted on seven counts and is serving 25 years, while Ellison pleaded guilty, testified against him and received a two-year sentence.

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