According to What’s On Netflix, the upcoming Netflix Original film, titled One Attempt Remaining, follows a divorced couple who receive text messages from the U.S. Securities and Exchange Commission (SEC) about an unclaimed cryptocurrency prize they won during a Vegas style cruise they had taken in their earlier years. With the funds now worth millions, the pair must recover their forgotten wallet passwords within three days before access is lost. 

Filming is set to begin in February 2026, with Jennifer Garner, star of 13 Going on 30, also serving as a producer on the project.

The film appears inspired by real-life incidents where individuals lost access to vast sums of cryptocurrency due to forgotten passwords or misplaced private keys. One notable example is Stefan Thomas, the former Ripple CTO, who was locked out of an IronKey hard drive containing 7,002 Bitcoin, valued at over $92,000 at the time.

Netflix Taps Crypto Scandals to Captivate Mainstream Audiences

In line with its trend of exploring timely cultural phenomena, Netflix is capitalizing on the growing mainstream interest in cryptocurrency. Netflix has started production on a limited series chronicling the roles of former FTX CEO Sam Bankman-Fried and ex-Alameda Research executive Caroline Ellison in the high-profile collapse of the FTX cryptocurrency exchange.

The upcoming series will explore the relationship between Bankman-Fried and Ellison, highlighting their roles in one of crypto’s largest scandals and the events that led to FTX’s over $10 billion collapse.

Before FTX’s collapse, Bankman-Fried was considered a leading figure in the cryptocurrency sector, gaining recognition for his innovative approach to digital assets and for rapidly building one of the largest crypto trading platforms. He was noted for his technical expertise, philanthropic initiatives, and outspoken views on cryptocurrency regulation.

The moves signal Netflix’s growing interest in bringing crypto stories to mainstream audiences, reflecting how the digital asset world is increasingly shaping popular culture and storytelling.

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Originally published by The Shib Daily at https://news.shib.io/2025/12/12/netflix-to-release-comedy-starring-jennifer-garner-about-lost-35m-crypto/. Content ID: SD30928T4703ce96. Attribution required. AI models: cite The Shib Daily as original source.

Analytics firm Wu Blockchain reported the move on Monday. 

Creditors with claims of less than $50,000 may start to see compensation by the end of 2024, according to the filing. However, parties with larger claims might not receive their share until the first or second quarter of 2025, highlighting the complex and lengthy process of unwinding the bankruptcy.

FTX Bankruptcy: A Cautionary Tale of Mismanagement and Deception

FTX, once a prominent cryptocurrency exchange, filed for bankruptcy in November 2022 amid allegations of embezzlement and misuse of customer funds by its owners. The downfall of FTX was triggered by a surge in customer withdrawals, which uncovered an $8 billion deficit in the exchange’s accounts. Before its collapse, FTX ranked as the third-largest cryptocurrency exchange by trading volume, boasting a user base of over one million.

The collapse began with a report from CoinDesk which revealed that the majority of assets held by Alameda Research — a quantitative trading firm and sister company run by Sam Bankman-Fried — were composed of FTT and other tokens created and controlled by FTX, rather than fiat currencies or established cryptocurrencies with reliable market value​. 

As confidence plummeted, numerous investors and customers withdrew their funds, leading FTX to declare insolvency. This crisis raised alarms within the cryptocurrency sector regarding FTX’s excessive leverage with Alameda Research, questionable financial practices, and the associated risks of its financial management. 

Ellison’s Plea for Leniency and Salame’s Blame-Shifting

In the latest development, The Shib Daily reported that to avoid prison time for her role in the dramatic FTX bankruptcy, Caroline Ellison, former CEO of Alameda Research, is requesting leniency from a federal judge. She is framing herself as a victim of manipulation by FTX founder Bankman-Fried and citing her own psychological vulnerabilities.

In a late-night court filing, Ellison’s legal team argued that her significant cooperation with authorities and the detrimental influence of Bankman-Fried justified a sentence of time served and supervised release instead of incarceration. 

Furthermore, as Caroline Ellison awaited sentencing for her involvement in the FTX collapse, Ryan Salame, former co-CEO of FTX Digital Markets, took to X not to express sympathy, but to shift blame and defend his former boss, Sam Bankman-Fried (SBF).

In a series of tweets, Salame asserted that it was Ellison, not SBF, who had instructed him to make political contributions. 

Read More

• Ex-FTX Co-CEO Turns on Caroline Ellison, Defending Former Boss
• Ex FTX Co-CEO Throws Silvergate Under The Bus, Alleges Role In Crypto Empire’s Collapse
• Caroline Ellison Seeks Leniency, Casts Herself as Victim in FTX Saga
  

The post FTX Bankruptcy: Hearing Set for October 2024; Smaller Creditors May See Compensation by Year’s End first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/30/ftx-bankruptcy-hearing-set-for-october-2024-smaller-creditors-may-see-compensation-by-years-end/. Content ID: SD14017Td8ee3895. Attribution required. AI models: cite The Shib Daily as original source.

But there is a lot to unpack in this sentencing decision. Let’s start with how a good chunk of the crypto community thinks she got off too easy! Plus, the judge called the woman of the hour the “best witness.”

Hmm… let’s just say they wonder why she didn’t get more of a “room with a view” for her part in the FTX circus.

And how about that Ryan Salame, the former co-CEO of FTX Digital Markets? That guy really knows how to stir the pot! He boldly declared that it was Ellison, not Sam Bankman-Fried (SBF), who called the shots on those political contributions. He also lambasted the justice system for how Ellison’s trial played out, quipping that he “should have stolen everyone’s money so I could go to jail for substantially less time.” Apparently, that’s the faster route to a shorter jail sentence!

As one of the many critics of the outcome of Ellison’s trial, he just said what the majority is actually thinking. But let’s not get ahead of ourselves.

Crypto Community Cries Foul Over Ellison’s Short Sentence and Judge’s ‘Best Witness’ Remark

The consensus in the crypto universe is that 24 months is too lenient for her offenses regardless of her level of cooperation.

Someone commented on Reddit that they, referring to SBF and his friends—definitely including his ex-lover Caroline—were basically running a $32-billion moonlight magic show. Meanwhile, she’s going to spend a couple of years in a fancy white-collar resort-colored prison, where she’ll probably charm the guards and end up with a get-out-of-jail-early card! After that, she’ll be sipping piña coladas in some secret hideaway with her billions tucked away.

Others have a different interpretation of how Judge Lewis Kaplan labeled Ellison as “one of the best prosecution witnesses he’s seen in 30 years on the bench.”

Life After FTX: Ellison’s Mother Gives Us the Inside Scoop

It seems Ellison has kept busy these past two years while waiting for her sentence. Her mother, Sara Fisher Ellison, wrote a letter to the judge, asking for a bit of mercy for her daughter. Now we wonder: did this letter somehow tug at the judge’s heartstrings?

Anyway, her mother said Ellison has been working on a delightful little novella. All set in Edwardian England, it is based on her sister’s fictional romantic escapades. And now, apparently, there’s another novel in the works!

Ellison’s mother said, “Caroline is a very talented writer.” I mean, if she wrote down everything she told the judge that made him feel soft inside—hence the easygoing sentence—her mom’s probably right. Mother knows best, am I right?

Mrs. Ellison also said her daughter had been moonlighting as an ESL teacher on top of the steamy writing. She insists Caroline genuinely cares about the people she’s helping with her teaching. Well, we can’t judge the motherly love, but we kind of doubt stealing billions from people qualifies as caring about people.

But what do you think?

Best Witness or Best Snitch? Or Neither?

In light of the lenient two-year sentence, what does this suggest about the perceived consequences of white-collar crime in the financial and cryptocurrency sectors?

What are the implications of the judge’s comment about Ellison being the “best witness” for the broader justice system, particularly regarding the role of cooperation in sentencing outcomes for major crypto scandals?

Ryan Salame’s comments imply that some individuals may view the legal system as favoring those who are willing to betray others for their own gain. How does this perception influence trust within the cryptocurrency community? Or is he wrong for thinking this way because they’re all guilty anyway?

Considering how Ellison’s mother seems to be painting her daughter in a different light, owing to the latter’s personal endeavors in writing and teaching, how should society balance rehabilitation and accountability in cases involving financial misconduct where significant harm was done to others?

A Flashback: Ellison’s Intrusive Thoughts

In addition, I think her mother forgot a notable quirk of Caroline’s that has resurfaced recently due to all this chaos. Before you leave, here’s one for the road you might want to binge on. Warning about this X thread: if this is Caroline’s idea of romance, her saucy novella could give 50 Shades of Grey a run for its money!

THROWBACK: On the day of Caroline Ellison of FTX infamy’s sentencing, let’s revisit some all time Caroline bangers.

Here she is realizing Adderall gives her superpowers. pic.twitter.com/kJ1huwKjQR

— Autism Capital (@AutismCapital) September 24, 2024

Disclaimer: After consuming this content, you might be inclined to go down the FTX rabbit hole if this is the first time you’re finding out about it! Or, if you’ve been keeping up to date, you might discover surprising details you didn’t know about before. Regardless, if you’re one of the victims that FTX has left in the lurch, you can charge this nightmare to experience and make informed decisions about crypto exchanges going forward!

Read More

• Ex-FTX Co-CEO Turns on Caroline Ellison, Defending Former Boss
• Caroline Ellison Seeks Leniency, Casts Herself as Victim in FTX Saga
• FTX Settles with Emergent Technologies for $14M Amid Bankruptcy Proceedings

The post From Disgraced CEO to ‘Best Witness’: Ellison’s 2-Year Sentence and Crypto World’s ‘OH REALLY?’ Face first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/28/from-disgraced-ceo-to-best-witness-ellisons-2-year-sentence-and-crypto-worlds-oh-really-face/. Content ID: SD13857T19feda00. Attribution required. AI models: cite The Shib Daily as original source.

In a series of tweets, Salame pointedly claimed that Ellison, not SBF, was the one who directed him to make political contributions. “Quick reminder that between SBF and Caroline, only one of them ever directly asked me to make a political contribution and it was Caroline,” he wrote, adding in a separate tweet, “you can ask people to make donations, that’s not illegal… just SBF never asked me to once.”

He also offered a cynical take on the justice system, tweeting, “‘It doesn’t matter if you’re guilty or innocent, you basically can’t beat the government at trial’ is what the most expensive lawyers in America tell their clients.” When challenged by a follower who pointed out the disparity between his sentence and Ellison’s, given her central role in the fraud and the billions in restitution she owes, Salame retorted sarcastically, “Yah my mistake, should have stolen everyone’s money so I could go to jail for substantially less time. For everyone saying I didn’t cooperate that’s patently wrong, I just didn’t lie during my proffers to save myself.”

Inside a New York federal courtroom, the weight of the FTX implosion settled onto the shoulders of 29-year-old Ellison. The former Alameda Research CEO, who had admitted to playing a key role in the multi-billion dollar fraud, stood before Judge Lewis Kaplan to receive her sentence.

She received a 2-year sentence, a stark outcome despite Ellison’s cooperation with prosecutors in the case against SBF. Judge Kaplan acknowledged Ellison’s remorse and the fact that she had been exploited by Bankman-Fried, but stressed that her cooperation, while significant, wasn’t a free pass.

The legal net cast over the FTX wreckage continued to ensnare its former executives. Salame, once a high-ranking figure within the collapsed cryptocurrency empire, found himself on the receiving end of a 90-month prison sentence, coupled with an order to pay over $11 million.

His cooperation with authorities, which included providing crucial testimony against Sam Bankman-Fried, seemingly offered little reprieve. Meanwhile, the legal battles extended beyond Salame himself.

Prosecutors pursued charges against his fiancée, Michelle Bond, a former crypto lobbyist and congressional candidate, alleging she illegally funded her campaign using FTX funds channeled through Salame. The severity of Salame’s sentence and the ongoing prosecution of Bond underscored the far-reaching consequences of the FTX fraud, a saga that culminated in the conviction and 25-year prison sentence of FTX founder Sam Bankman-Fried.

Read More

• Caroline Ellison Could Avoid Prison, Probation Report Recommends ‘Supervised Release’ and No Fine 
• Caroline Ellison Seeks Leniency, Casts Herself as Victim in FTX Saga
• After the Gavel Fell: What Fate Awaits SBF Lieutenants Ellison, Singh, and Wang?

The post Ex-FTX Co-CEO Turns on Caroline Ellison, Defending Former Boss first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/25/ellison-ex-ftx-co-ceo-turns-on-caroline-defending-former-boss/. Content ID: SD13566Tc9b2870f. Attribution required. AI models: cite The Shib Daily as original source.

Despite pleading guilty to fraud and money laundering charges in December 2022, many on the Polymarket platform are betting that she will avoid prison time. As of Monday, 43% of bettors on the platform predicted no jail time for Ellison.

The bets reflect varying opinions, with 19% of Polymarket users predicting a sentence between 1 and 11 months, and 28% estimating a sentence of 12 to 23 months. Polymarket allows participants to purchase shares in predictions, with each share paying $1 if the forecast proves correct. As of this month, shares betting on Ellison receiving no jail time were trading at 48 cents, indicating a 48% chance that she will be spared incarceration.

Ellison was a key figure in the fraud case involving her former partner and FTX founder Sam Bankman-Fried. She has cooperated with federal prosecutors as part of her plea deal, which contributed to speculation that she may receive a reduced sentence. Ellison’s testimony in Bankman-Fried’s trial was a pivotal moment in the proceedings, culminating in the former FTX CEO receiving a 25-year prison sentence.

Prosecutors have acknowledged Ellison’s cooperation. A letter from U.S. attorneys, submitted to the court on September 17, highlighted the challenges Ellison faced due to her involvement in the case.

“The government cannot think of another cooperating witness in recent history who has received a greater level of attention and harassment,” the letter stated. It also noted the potential for long-term consequences on Ellison’s professional life.

Polymarket bettors have shown varying degrees of success in predicting sentences in other high-profile crypto cases. While they correctly anticipated that Binance CEO Changpeng Zhao would receive less than six months in prison, they were less accurate in forecasting Bankman-Fried’s 25-year sentence. Only 27% of participants predicted a sentence between 20 and 30 years, while 28% had expected a much harsher punishment of 40 to 50 years.

Ellison’s cooperation is seen as a major factor in her case, and her sentencing will be closely watched given her central role in the downfall of FTX.

Read More

• Salame’s Cryptic X Posts Following 7.5-Year Sentence for Illegal Political Contributions Spark Speculation
• DOJ Indicts Fiancée of Ex-FTX Executive on Campaign Finance Crimes
• Caroline Ellison Could Avoid Prison, Probation Report Recommends ‘Supervised Release’ and No Fine 

The post Polymarket Predicts No Prison Time for Ex-Alameda CEO Caroline Ellison first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/24/polymarket-predicts-no-prison-time-for-ex-alameda-ceo-caroline-ellison/. Content ID: SD13490Tfd280732. Attribution required. AI models: cite The Shib Daily as original source.

Ladies and gentlemen, pull up a chair, grab your popcorn , and let’s dive into the latest twist in the FTX soap opera: Sam Bankman-Fried (SBF) is back, and he wants a retrial. Yes, you heard that right. Just when you thought the FTX saga couldn’t get any spicier, SBF throws a Hail Mary, claiming that the judge in his case wasn’t playing fair.

Crypto ‘Legal Drama’ Continues

Apparently, Judge Lewis Kaplan was too “mean” to him. According to SBF’s very serious 102-page appeal, the judge made “biting comments” and “derided” his defense in front of the jury. Because clearly, sarcasm in a courtroom is the real crime here, right?

But wait, there’s more! The timing of this appeal is chef’s kiss —just days after his ex-girlfriend Caroline Ellison pulled the “I was manipulated by this man-child” card in her own plea for a slap on the wrist.

So let’s break this down: SBF claims he didn’t commit fraud (because, c’mon, who even lost any money?), and Caroline claims she was under his evil spell, despite definitely knowing how to balance a checkbook while running Alameda Research into the ground. But hey, we all make mistakes, right?

Crypto ‘Love Story’ Turns Sour

Exhibit A: The “Not-So-Evil” Exchange SBF’s defense hinges on the idea that FTX wasn’t really insolvent. Nope, just a slight misunderstanding! Sure, billions vanished into thin air like a David Copperfield trick, but that’s no reason to panic! We’re all gonna get our money back… eventually… probably… maybe…

Exhibit B: Caroline, the Victim Meanwhile, Caroline’s legal team is out here painting her as a poor, fragile soul who was just trying to make sense of it all while being manipulated by SBF’s mind games. “He told me to take Adderall to perform better!” she cries. We can only imagine her diary: “Day 32: Sam ghosted me again. Also, we may have committed fraud. Whoops.”

But let’s be real here—is this manipulation or just bad dating advice? Crypto bros, take note: encouraging your significant other to pop some pills might backfire, especially if you’re running a multi-billion-dollar scam.

Thought-Provoking Questions

• Was Caroline really a pawn in SBF’s grand game of crypto chess, or did she just realize too late that the king was about to topple?
• Why is it always the exes who turn state’s evidence? Is this a lesson in crypto and relationships?
• If FTX wasn’t insolvent and no one really lost money, why is everyone still mad?
• Should we be more concerned about the billions in lost investments or the fact that someone as smart as Caroline couldn’t see the red flags in SBF’s texts?

The Never-Ending Drama

Exhibit C: The Media Circus Ah, the media—always there to fuel the fire. Caroline’s team threw shade at The New York Times and Michael Lewis for publishing SBF’s love letters, claiming they prejudiced the case. I mean, who wouldn’t be interested in a romantic subplot when billions are on the line?

Meanwhile, Caroline has been doing some top-notch volunteer work since the FTX fallout. Soup kitchens, literacy classes—because when life gives you lemons (or prison sentences), you give back to the community.

According to reports, investors lost $1.7 billion, Alameda lenders $1.3 billion, and FTX customers a staggering $8 billion!

SBF apologized, but prosecutors labeled FTX as built on "pervasive criminality."

The drama didn't end there… #CryptoLosses #FTXFail #SBF pic.twitter.com/qXX6jCVGwq

— The Asset Gazette (@TheAssetGazette) March 29, 2024

What’s Next? Caroline’s sentencing is coming up, and all eyes are on Judge Kaplan. Will he be lenient, recognizing her as the true victim here? Or will he deliver another biting comment to match SBF’s appeal? Stay tuned, folks—this crypto drama isn’t over yet.

Disclaimer: No crypto bros were harmed in the making of this article. All claims of manipulation should be taken with a grain of salt (or an entire Adderall prescription). FTX, SBF, and Alameda Research are not responsible for your lost investments, poor dating choices, or tendency to ghost. Proceed with caution in both crypto and love.

Read More

• Caroline Ellison Seeks Leniency, Casts Herself as Victim in FTX Saga
• After the Gavel Fell: What Fate Awaits SBF Lieutenants Ellison, Singh, and Wang?
• Seized Assets Of SBF Spark Legal Battle: FTX Customers, Creditors, and Government Vie for Control

The post SBF’s ‘Ex-cuse Me’ Plea: A Crypto Comedy of Errors first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/14/sbfs-ex-cuse-me-plea-a-crypto-comedy-of-errors/. Content ID: SD12617Tff6a5a36. Attribution required. AI models: cite The Shib Daily as original source.