Media: Apple Acquires Rights to Screenplay #Book About Former #FTX CEO from the Author of "The Big Short"

#Apple has acquired the rights to adapt Michael Lewis's book about Sam Bankman-Fried, the former CEO of FTX. According to reports from The Ankler, the deal was valued at $5 million. The book, titled "Going Infinite: The Rise and Fall of a New Tycoon," is set to be released on October 3, the same day Bankman-Fried's legal trial begins in New York.

Michael Lewis, renowned for bestsellers like "Liar's Poker" and "The Big Short," is an American author and financial journalist. His previous book was also adapted into a film in 2015, grossing over $133 million worldwide with a $28 million budget.

FTX faced #bankruptcy in 2022, and Sam Bankman-Fried was arrested and extradited to the United States, where he was released on $250 million bail. He was initially charged with 13 criminal offenses, some of which were later dropped. #Bankman-Fried has pleaded not guilty to all charges.

Recall that in September, the former head of FTX's Bahamian division, Ryan Salame, pleaded guilty to criminal charges related to the exchange's collapse.