Netflix FTX trailer was ‘enough to upset me’ in first 30 seconds: former FTX COO

Former FTX COO Constance Wang said she was upset by the upcoming Netflix drama’s depiction of the collapse of the exchange and its portrayal of some of the top executives.

“The first 30 seconds were enough to upset me,” so “I stopped watching,” Wang told Cointelegraph during an episode of the Chain Reaction X spaces show published on Monday.

Wang said the Netflix trailer’s depiction of some former FTX executives made her “feel physically upset,” adding that the portrayal of Alameda Research CEO Caroline Ellison didn’t match her personal experience. She explained that former FTX co-founder and CEO, Sam Bankman-Fried, was also more “socially awkward” than his Netflix portrayal.

Wang served as COO of FTX, which grew into one of the world’s largest cryptocurrency exchanges before collapsing in November 2022 due to customer fund misappropriation, causing an $8.9 billion shortfall in customer funds. FTX’s sister company, quantitative trading firm Alameda Research, used FTX customer funds that Bankman-Fried transferred without consent to fund Alameda’s trading losses, now referred to as the Alameda gap.

Netflix released the trailer for the eight-episode series about FTX’s collapse in early October. The drama series, titled The Altruists, will premiere globally on Nov. 19, 2026, according to the streaming platform’s announcement.

Source: Cointelegraph

Wang bootstrapped AI-crypto venture following FTX collapse

Following FTX’s collapse, Wang in early 2025 founded Pacifica, a crypto trading platform initially launched as a Solana-based perpetual futures decentralized exchange.

She plans to add artificial intelligence capabilities to transform the platform into an intelligent trading infrastructure with strategic tools for investors.

“For Pacifica, we didn’t raise any funds, it’s completely bootstrapped,” said Wang, adding that some institutional investors faced compliance restrictions when speaking to former FTX personnel while the bankruptcy proceedings were still ongoing.

Bankman-Fried and Ellison were indicted in December 2022 following the exchange’s collapse and bankruptcy.

Ellison accepted a plea deal to testify against Bankman-Fried and was released from prison in January, after serving 440 days of a two-year sentence.

Bankman-Fried was convicted on seven felony counts and was sentenced to 25 years in prison in March 2024, with a scheduled release in 2044. In September, Bankman-Fried’s lawyers reportedly asked the Supreme Court to overturn his fraud conviction. He has also applied for a pardon from US President Donald Trump.