Former FTX chief operating officer Constance Wang said she was so disturbed by Netflix’s upcoming limited series about the exchange’s collapse that she stopped watching the trailer after just 30 seconds. Speaking on Cointelegraph’s Chain Reaction X Spaces, Wang said the portrayal of former Alameda Research CEO Caroline Ellison and FTX co-founder Sam Bankman-Fried did not match her own experience.
The eight-episode series, The Altruists, is set to premiere globally on Nov. 19, 2026. It focuses on Sam Bankman-Fried and Caroline Ellison’s relationship, the rise and fall of FTX, and the $8 billion fraud. “I feel physically upset,” Wang said of the trailer’s depiction of some former FTX executives, adding that Bankman-Fried was more “socially awkward” in reality than Netflix shows.
FTX collapsed in November 2022 after customer funds were misused, leaving an $8.9 billion shortfall. Bankman-Fried was convicted on seven felony counts and sentenced to 25 years in prison in March 2024, with a release date set for 2044. Ellison took a plea deal, testified against Bankman-Fried, and was released from prison in January after serving 440 days of a two-year sentence.
Wang has since founded Pacifica in early 2025, a bootstrapped Solana-based perpetual futures exchange. She said the platform raised no outside money and plans to add artificial intelligence features to become “intelligent trading infrastructure.”
The FTX fallout remains active in the courts as well. A class-action lawsuit named Tom Brady, Stephen Curry, Shaquille O’Neal, Larry David, and Naomi Osaka over their FTX endorsement roles. In May 2025, U.S. District Judge K. Michael Moore dismissed 12 of the 14 claims against Brady and other celebrity promoters, but certain Florida and Oklahoma state securities-law claims were allowed to proceed. Shaquille O’Neal separately reached a $1.8 million settlement in June 2025.
Brady’s FTX connection was also mocked during Netflix’s 2024 roast special. Comedian Nikki Glaser joked that Brady lost $30 million in crypto, a line that earned a standing ovation. Brady and Gisele Bundchen took equity stakes in FTX in 2021, and he served as a brand ambassador before the platform’s collapse.
