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Reading: FTX Lobbyist Tried To Buy Island Of Nauru, Create Super Species: Lawsuit
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24x7Report > Blog > Finance > FTX Lobbyist Tried To Buy Island Of Nauru, Create Super Species: Lawsuit
Finance

FTX Lobbyist Tried To Buy Island Of Nauru, Create Super Species: Lawsuit

Last updated: 2023/07/21 at 11:42 PM
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FTX Lobbyist Tried To Buy Island Of Nauru, Create Super Species: Lawsuit
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The Nauru Ring Highway goes precisely across the island of Nauru.

(C) Hadi Zaher| Even | Getty Photos

The youthful brother of Sam Bankman-Fried, who was a high lobbyist for failed crypto trade FTX, was contemplating shopping for the Pacific island nation of Nauru to create a fortified apocalypse bunker state, in accordance with a lawsuit filed in Delaware chapter court docket.

Gabe Bankman-Fried was seeking to purchase Nauru within the “occasion the place 50%-99.99% of individuals die” to guard his philanthropic allies and create a genetically enhanced human species, in accordance with the lawsuit filed Thursday by attorneys for Sullivan & Cromwell, searching for billions of {dollars} to get better following the collapse of FTX.

Bunker life is one well-documented fixation amongst tech billionaires, particularly those that determine as doomsday preppers. There may be additionally a fascination with shopping for giant estates within the Pacific and even proudly owning small islands there.

In his years operating FTX, older brother Bankman-Fried espoused a philanthropic way of life successfully known as altruism, and based the philanthropic arm with that in thoughts. Devotees of efficient altruism work to maximise their earnings in order that they can provide their cash away in a means they imagine is most useful to humanity.

Gabe Bankman-Fried was FTX’s most seen presence in Washington, D.C., and was linked with bipartisan charitable donations that bumped into the tons of of hundreds of thousands. He, together with an unnamed FTX philanthropic officer, thought-about shopping for Nauru, partly to “promote smart regulation round human genetic enchancment, and construct a laboratory there.”

See also  Thailand's Koh Samui island faces water shortages as tourism grows

A Nauru consultant confirmed that the island was not and by no means has been on the market.

Nauru, with a inhabitants of about 12,000, is simply over 2,100 miles from Brisbane, Australia. It was there that FTX legal professionals declare the Bankman-Fried crew wished to arrange an emergency base for themselves and a choose group of “EAs,” or efficient altruists.

Along with serving as a refuge within the occasion of an apocalypse, “there are in all probability different issues it is helpful to do with a sovereign nation,” in accordance with a memo between the youthful Bankman-Fried and the philanthropic adviser, which was cited within the lawsuit.

WATCH: FTX is searching for to get better $700 million from ex-Clinton aide’s funding agency

FTX is seeking to recover $700 million from ex-Clinton aide's investment firm

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TAGGED: Buy, Create, FTX, Island, lawsuit, Lobbyist, Nauru, Species, Super

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