Former FTX COO Constance Wang slams Netflix’s The Altruists and media coverage of the collapse

Wang says major publications and an upcoming Netflix drama got the story of FTX's final days wrong Constance Wang has watched a lot of people tell the story of FTX. She was there for it, and she says plenty of them got it wrong. The former FTX chief operating officer is pushing back on how major publications covered the exchange’s collapse. Her sharpest criticism is aimed at Netflix’s upcoming series The Altruists, a scripted retelling of the saga that she says misrepresents what life inside the company was actually like. A trailer that did not land well In an October 9, 2026 post on X, Wang reacted to the trailer for The Altruists. She did not hold back. The trailer made her “physically throw up,” Wang wrote. The series reportedly frames FTX’s downfall as a “toxic love story” between founder Sam Bankman-Fried and Caroline Ellison, who ran sister trading firm Alameda Research. Julia Garner plays Ellison. The show is produced by Higher Ground, the production company founded by Barack and Michelle Obama, and is scheduled to premiere on November 19, 2026. What Wang says actually happened According to Wang, FTX’s core team never grew beyond 200 employees. That small group, she says, ro...