Apple secures rights to book on Sam Bankman-Fried for $5M: Report

Multinational technology company Apple reportedly paid $5 million for the rights to author Michael Lewis' upcoming book about the former FTX CEO. Sam Bankman-Frito (SBF) after a bidding war.

According to a September 7 report by The Ankler, Apple insured book rights Going Infinite: The Rise And Fall Of A New Tycoon, which will be published on October 3, the start of the SBF trial in New York. Luis suggested an October release date at the Bitcoin 2023 conference in Miami, with the aim of starting the criminal trial of the former CEO of FTX.

Michael Lewis's book on Sam Bankman-Fried, scheduled for publication on October 3. Fountain: Amazon

In addition to the book, the media outlet reported that a documentary was in the works by director Nanette Burstein, who was behind the films about programmer and crypto evangelist John McAfee – who died in prison in 2021 – and former US Secretary of State Hillary Clinton. Bankman-Fried will likely be the subject of many documentaries during and after her criminal trial due to the high-profile case, as well as her unique fashion and hair style.

It's unclear how these films can move forward with the Writers Guild of America's ongoing strike along with that of the Screen Actors Guild and the American Federation of Television and Radio Artists. Union members are calling on the Alliance of Film and Television Producers to address issues such as streaming media waste and how artificial intelligence can be used in the industry in the future.

Related: Top 5 Bitcoin Documentaries to Add to Your Watchlist

Bankman-Fried's story dominated the headlines long before the fall of crypto exchange FTX and her arrest in the Bahamas. Many once viewed the former CEO as a rising star who came to oversee billions of dollars in assets at Alameda Research and FTX, but he continued to make public appearances primarily in T-shirts, shorts and sneakers. During court appearances before your bail revokedSBF often appeared in a suit and tie.

Other documentaries featuring prominent figures or events in the crypto space include Netflix's. Trust no one: the hunt for the king of cryptocurrencies about QuadrigaCX founder Gerald Cotten, who reportedly died during a trip to India, as well as one exploring the journey from Coinbase co-founder and CEO Brian Armstrong. Before the writers' strike, it was said that a movie was being shown produced in the relationship between Bankman-Fried and Binance CEO Changpeng Zhao.

Magazine: Sam Bankman-Fried's Prison Life, Tornado Cash Turmoil, and a $3 Billion BTC Whale: Hodler's Digest, August 20-26