Apple and A24 are working on a new movie about imprisoned crypto tycoon Sam Bankman-Fried based on The Big Short writer Michael Lewis's book Going Infinite: The Rise and Fall of a New Tycoon. Variety reported their arrangement and that Girls creator and star Lena Dunham is set to write the film.

Going Infinite is Lewis's chronicle of the rise, spectacular implosion, and eventual conviction of Bankman-Fried and his crypto exchange FTX.

Lewis was working on the book already and embedded with Bankman-Fried when FTX collapsed in 2022. SBF was ultimately found guilty of several criminal fraud and conspiracy charges and given a 25-year prison se …

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The story of Sam Bankman-Fried was obvious enough: a Shakespearean level of arrogance that led to tragedy. But I have been puzzled for some time by Caroline Ellison, the former CEO of Alameda Research and star witness of the FTX trial. Now, after her sentencing, I believe what she did is weirder and perhaps sadder.

Ellison spoke on her own behalf, beginning by apologizing to everyone she's hurt. "I think on some level my brain can't even truly comprehend the scale of the harms I've caused," she said. "That doesn't mean I don't try. So to all the victims and everyone I harmed directly or indirectly, I am so, so sorry."

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Sam Bankman-Fried has learned nothing, and I'm not sure any of the rest of us have, either.

At his sentencing, I sat several rows behind Bankman-Fried, clad in prison khaki and clanking faintly when he walked from the shackles on his feet, while he gave his statement to the court. "I'm sorry about what happened at every stage," Bankman-Fried said. "I failed everyone I cared about."

What Bankman-Fried did not say was that he had, in fact, committed crimes and he wouldn't do it again. Instead, he talked about the "mistakes" he'd made, how he'd assisted the FTX customers in dealing with the bankruptcy estate, that he hadn't actually engaged i …

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The jury took a little over four hours to reach a verdict. When Joseph Bankman and Barbara Fried, the defendant's parents, came into the courtroom, they looked frightened. Bankman put his arm around Fried as they sat down on the wooden benches. Fried put her head in her hands.

Sam Bankman-Fried stood to hear the jury's verdict. After the first "guilty" was read aloud - for wire fraud - his father doubled over. His mother's hands rose to cover much of her face, either to stifle tears or to hide them. As the judge thanked the jury for their service, Barbara Fried recovered herself enough to gently rub Joseph Bankman's back.

Sam Bankman-Fri …

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Former cryptocurrency kingpin Sam Bankman-Fried has been found guilty of fraud. A New York jury delivered the verdict on November 2nd, concluding a trial that has seen Bankman-Fried defend himself against claims that he criminally mismanaged his crypto exchange FTX and trading firm Alameda Research.

After more than a month in trial, the jury took four and a half hours to decide Bankman-Fried's fate, declaring him guilty on all seven charges, including wire fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. He is set to be sentenced by Judge Lewis Kaplan on March 28th of next year and faces decades in prison.

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Let's be honest: The facts are bad for Sam Bankman-Fried. The prosecution, in the closing statement delivered by Nicolas Roos (pronounced "Rose", though he won't correct you if you get it wrong, as Judge Lewis Kaplan did for most of the trial) today, went through a lot of contemporaneous written evidence that suggested that Bankman-Fried was very, very guilty of wire fraud and conspiracy charges at FTX. Roos gave a confident, restrained argument, relying heavily on that evidence to argue Bankman-Fried had used FTX customer deposits as his own private piggy bank, funneling them through his trading firm, Alameda Research.

He also pointed to w …

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