Sam Bankman-Fried built FTX into one of the world's largest cryptocurrency exchanges in a few short years, cultivating a reputation as crypto's responsible adult while running the Bahamas-based company alongside his trading firm Alameda Research. The film traces how that image collapsed in November 2022, when reporting on Alameda's balance sheet triggered a run on customer withdrawals and revealed a shortfall of billions of dollars in supposedly segregated funds. It follows the exchange's spectacular growth, its celebrity endorsements and Super Bowl advertising, and Bankman-Fried's public persona as an effective-altruist billionaire, then walks through the unraveling: the leaked balance sheet, the bankruptcy filing, and the criminal case that followed. Using news footage, financial documents, and industry commentary, the documentary lays out how customer money was allegedly funneled into Alameda's trading positions and political donations. It treats the story as a case study in how quickly trust evaporates once a numbers-driven business turns out to be running on borrowed funds.