🎬 The True Story Behind the Film


RUIN: Money, Ego, and Deception at FTX (2023) is a feature documentary by Bloomberg Originals that explores the rise and fall of Sam Bankman-Fried (SBF) and his cryptocurrency exchange, FTX. The film dives into how FTX collapsed, leading to one of the biggest financial scandals in crypto history.


💰 The Storyline – From Billionaire to Convict


Sam Bankman-Fried built FTX into a multi-billion-dollar empire, branding himself as a visionary in crypto. But behind the scenes, FTX was mismanaging customer funds, leading to an $8 billion shortfall.


🚨 Key events in the documentary:

✔️ FTX’s rapid rise, fueled by aggressive marketing and celebrity endorsements.

✔️ Alameda Research’s secret dealings, using customer funds for risky investments.

✔️ The Binance rivalry, where CEO Changpeng Zhao’s actions accelerated FTX’s downfall.

✔️ SBF’s arrest in The Bahamas, leading to fraud charges.

✔️ The bankruptcy filing, exposing the depth of financial mismanagement.


The film uncovers the deception, showing how greed and unchecked ambition led to FTX’s collapse.


🔥 The Investigation – When the Truth Emerged


✔️ FTX used QuickBooks – A multi-billion-dollar company relied on basic accounting software.

✔️ SBF’s political influence – He donated millions to politicians, shaping crypto regulations.

✔️ The party culture at FTX – Employees lived in luxury while customer funds disappeared.

✔️ The trial and conviction – SBF was found guilty of fraud and sentenced to 25 years in prison.


🗣️ Key Interview Dialogues – The Scandal Unfolds


💰 Former FTX Executive:

"I cannot imagine a scenario where $8 billion just disappears."


⚖️ Congressional Hearing:

"This committee will not stop until we uncover the full truth behind the collapse of FTX."


🔍 Industry Expert:

"FTX was supposed to be the future of finance. Instead, it became one of the biggest frauds in history."


These dialogues highlight the shock and betrayal felt across the crypto industry.


💰 The Takeaway – A Warning for Crypto Investors


✔️ Never trust hype alone – FTX’s branding masked deep financial mismanagement.

✔️ Regulation is catching up – Governments are cracking down on crypto fraud.

✔️ Crypto needs transparency – Without accountability, financial disasters will repeat.


RUIN: Money, Ego, and Deception at FTX serves as a cautionary tale, reminding us that where there’s money, there’s deception—especially in the crypto world.


You can watch the full documentary here.


#CryptoCrimesOnScreen #RealMoneyReels #FraudUnmasked #Write2Earn 🎬🔥