Listen to the Article: FTX Documentary in Progress - The Crisis is Now A Potential Oscar-Winning Drama?

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I know, this November is something to remember probably for the rest of your life if you are a crypto investor. FTX, which used to be second biggest exchange imploded in an instant, sending strong shockwaves across the community. The fact that Binance, the biggest crypto platform, had been switching their attitude back and forth, as well as the ambiguous relationship between FTX and Alameda Research, both owned by Sam Bankman-Fried (SBF), have made the whole story even more dramatic. And now, it looks like this crypto crisis of the year is actually going to be seen on silver screen.

Go to "FTX Collapse: Shock and Aftermath" to Read More​

To Be Presented by An Oscar-Nominee Director

Recently, XTR, an LA-based documentary studio announced that an untitled documentary about FTX's collapse and the story of its former CEO SBF is in full swing in the Bahamas, where FTX was registered. XTR is best known for documentaries including Mucho Mucho Amor: The Legend of Walter Mercado, and 76 Days - an Emmy-winning film documenting Wuhan when the pandemic broke out for the first time, and Ascension etc.

According to XTR, the FTX documentary will be directed by David Darg, an Oscar-nominated American film director once awarded the Emmy for best editing in 2017. As a pioneer who advocates VR filming, he once shot a short documentary with just an iPhone 6s for Apple back in 2016. Now we wonder how he will present the crypto catastrophe this time for us.

More About the FTX Documentary

According to the available project information, this film expects to access key players at FTX and the cryptocurrency community in an unprecedented manner, and will explore this business drama that upended markets, triggered government probes, and sent shockwaves across an industry that is still struggling to earn public trust. A while ago, SBF was rumored to be investigated by the police department in the Bahamas, so we wonder if XTR was there to film what has happened and show us everything in this documentary.

The filmmakers stated that since the Covid outbreak, the FTX implosion is the most dramatic financial event since the Reddit's r/WallStreetBets incident back in 2021 that upset the market, and it reveals serious problems in the crypto world. XTR is now at the epicenter of the crisis to dive deep into this breaking story, thanks to their incredible and exclusive access, and everyone on the team is on this investigative journey without knowing where the breadcrumbs will lead them.

Will It Be A Cinematic Lesson to Learn?

Documentaries are a way we use our camera to record real events so that people in the future will remember them, and learn from them. Today, there are still many problematic crypto platforms, which either misappropriate client funds, or make money from clients by minting new coins.

After the fall of FTX, most industry insiders believe that a new wave of regulatory policies will come to the community. But the cryto community would, ironically, feel the sting, since what everyone talks about is how cryptocurrency is free from regulation and decentralized, yet at the end of the day, they still need the help of regulation to hold the entire community together.