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The Russo Brothers are creating a series for Amazon based on the story of how FTX, which was once one of the best-known crypto exchanges, came to such a swift and outrageous end. According Variety, Amazon has approved an eight-episode limited series adaptation and plans to start production in the spring of next year. David Weil, who previously worked with the Russo brothers in their Prime Video series Citadel, will write and produce the pilot episode. Meanwhile, Anthony and Joe Russo, known for directing four Marvel Cinematic Universe films, are reportedly in directing talks in addition to serving as executive producers on the series.

FTX filed for bankruptcy last week after a series of events finally led to its collapse in a short time. The exchange’s FTT tokens had fallen in value earlier this month after rival exchange Binance announcement that he was going to sell his remaining FTTs due to “recent revelations”. A few days before Binance decides to liquidate all its FTTs, CoinDesk reported that Alameda Research, the trading company founded by then FTX CEO Sam Bankman-Fried, was primarily backed by FTT tokens. “The situation adds to the evidence that the ties between FTX and Alameda are unusually close,” CoinDesk wrote. Alameda reportedly had financial problems and allegedly used FTX client deposits to pay off debts.

Retail investors and ordinary customers also sought to exit sensing trouble in the air and submitted withdrawal requests, which caused a liquidity problem. Binance initially agreed to bail out FTX by buying it, but eventually backed out of the deal. After that, FTX filed for bankruptcy and Bankman-Fried resigned as CEO. There’s a lot more to the story, including the mystery of where billions of dollars missing or stolen funds were missing, which the Russo brothers could include in their show.

It’s still unclear what source material the Russos plan to use, but Variety says the show may be based on “insider reports” by reporters who investigated the FTX scandal. They are also reportedly in talks with several Marvel actors to play key roles in the series. Before Amazon confirmed it was working on an FTX-based show, Deadline reported that Apple was close to signing a seven-figure deal for the rights to a book on Bankman-Fried and the crypto exchange being written by Michael Lewis. It is the same author behind Moneyball, the big shorts and The blind side. Unlike Amazon, Apple reportedly plans to turn Lewis’s book into a feature film.

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