Former FTX COO and co-CEO Constance Wang sharply criticized the official trailer for “The Altruists,” Netflix’s upcoming production covering the collapse of the crypto exchange. In a post on X, Wang stated she experienced a visceral, physical revulsion upon watching the preview, pointing out that the dramatization completely distorts the reality of working in the Bahamas and misleads viewers by romanticizing the relationship between Sam Bankman-Fried and Caroline Ellison.
So many people have DM’d me about this trailer and I’ll be honest, watching it made me physically throw up.
I was COO from before FTX even had a name, it was my baby, and I was the last one out of the Bahamas after Sam got extradited. I lost everything I had on it and it took me… https://t.co/vY4qDqK6Os
— Constance W 🌊 (@ConstanceWaing) October 9, 2026
The executive emphasized that the media narrative centered around endless partying completely ignores the reality of 16-hour workdays and the severe financial damage suffered by employees and users alike. The upcoming release rekindles public scrutiny over the crypto ecosystem’s largest fraud case, right as the industry seeks to move past the reputational fallout of 2022 and establish more transparent governance frameworks.
The eight-part limited series premieres this coming November 19 on the streaming platform. Meanwhile, the community’s reaction shows that the wounds from the FTX collapse remain raw and closely monitored across the sector.
Source: https://x.com/constancewaing/status/2108586685764345961
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