Mark Wahlberg’s Unrealistic Ideas is joining forces with Fortune magazine to create a documentary about the controversial relationship between FTX founder Sam Bankman-Fried and Binance CEO Changpeng Zhao, as per a report by the Hollywood Reporter outlet.
The project will delve into the unique association between the two dominant figures in the cryptocurrency scene, who went from being allies to rivals.
While Bankman-Fried aimed to bring high-profile celebrity endorsements and political influence to FTX, Zhao took a more straightforward approach to build Binance.
The two rose to prominence in the cryptocurrency boom, which quickly led to an adversarial back-and-forth. At one point, Binance even floated intentions to buy FTX but ultimately backed out after a due diligence investigation.
FTX Vs Binance: The Battle Of The Titans
Recently, Bankman-Fried claimed in a Substack post on January 12th that an intense, fast, targeted crash triggered by the CEO of Binance put the company bankrupt.
Well, Zhao was at the forefront of FTX’s spectacular downfall. Binance CEO Changpeng Zhao officially announced via Twitter plans to liquidate the company’s entire investment in FTX’s native token, FTT, in early November.
However, Zhao has agreed to participate in the documentary project, along with key Binance executives and other major players in the crypto industry.
The award-winning resources of Fortune will be combined with the storytelling prowess of Unrealistic Ideas, executive produced by Wahlberg, Stephen Levinson, Archie Gips, and Fortune’s Alyson Shontell and Jeff John Roberts.
The FTX doc will provide a personal, 360-degree look at the entire FTX saga and the tumultuous relationship between Bankman-Fried and Zhao.
Archie Gips of Unrealistic Ideas Stated:
The story of SBF and CZ has captivated the imagination of people everywhere. What I’m most excited about is the phenomenal exclusive access we have to dynamic storytellers who were literally a part of Shakespearean-like drama as it unfolded.
Alyson Shontell, the editor-in-chief of Fortune, expressed her excitement at the collaboration between Fortune and Unrealistic Ideas, combining Fortune’s award-winning journalism with Unrealistic Ideas’ renowned storytelling abilities.
The tumultuous relationship between SBF and CZ has played out to a certain extent in articles and on Twitter, but this definitive documentary will give people a personal look at the entire FTX saga.
The project is also expected to provide insight into the contrasting backgrounds of the two key players. Bankman-Fried grew up in a politically connected family of academics, while Zhao fled from China to Canada with his family at the age of twelve.
Nevertheless, this documentary will be a must-watch for anyone interested in the cryptocurrency scene and the players who are shaping its future.