Home Cryptocurrency Sam Bankman-Fried’s brother deliberate to purchase island and prep for apocalypse: court docket submitting

Sam Bankman-Fried’s brother deliberate to purchase island and prep for apocalypse: court docket submitting

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Sam Bankman-Fried’s brother deliberate to purchase island and prep for apocalypse: court docket submitting

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Gabriel Bankman-Fried, the brother of former FTX CEO Sam Bankman-Fried, had a plan to outlive a world disaster utilizing funds from the now defunct cryptocurrency alternate.

Based on a July 20 submitting with United States Chapter Courtroom for the District of Delaware, Gabriel deliberate to buy the island nation of Nauru within the Pacific utilizing allegedly misappropriated funds via the FTX Basis. Tasks with the charity — “that served little goal aside from to reinforce the general public stature of Defendants,” in line with court docket paperwork — included a $300,000 e-book grant on “people’ utility operate” in addition to a $400,000 grant to a YouTuber.

Nonetheless, one among Gabriel Bankman-Fried’s plans included getting ready for a possible apocalypse by buying Naura, an island northeast of Australia with a inhabitants of roughly 12,000 as of 2023. Based on a memo between Gabriel and an unnamed officer of the FTX Basis, he deliberate to ascertain a bunker to get via “some occasion the place 50%-99.99% of individuals die [to] be sure that most EAs [effective altruists] survive” and construct a lab centered on “human genetic enhancement”.

“In all probability there are different issues it’s helpful to do with a sovereign nation, too,” mentioned the memo, referring to the deliberate acquisition.

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Previous to FTX’s downfall in November 2022, Gabriel Bankman-Fried had based Guarding Towards Pandemics, an nonprofit group geared toward getting ready for the subsequent COVID-19. He reportedly stepped down from his place as government director of the group amid the crypto alternate’s chapter.

Sam Bankman-Fried’s first legal trial in the US has been scheduled for Oct. 2, the place he faces costs together with fraud associated to the commingling of funds between FTX and Alameda Analysis. It’s unclear whether or not Gabriel will supply testimony towards his brother, however debtors within the FTX chapter case have thought of subpoenaing him to supply info on any monetary advantages he might have acquired from the alternate.

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