According to a recent lawsuit, FTX, a crypto exchange, expressed an interest in acquiring the Pacific island nation of Nauru to construct a secure bunker in case of an apocalyptic event. The lawsuit was filed against FTX's founders, including Sam Bankman-Fried, with the exchange seeking $1 billion, alleging that it was misappropriated by the company's bosses.
FTX lobbyist, Gabe Bankman-Fried, SBF’s brother, tried to buy the Pacific island of Nauru to create a new superspecies of genetically enhanced human species
7/21/2023
Last November, as the company faced a significant downfall, Sam Bankman-Fried handed over the CEO role to John J. Ray III, a lawyer with experience in handling Enron's bankruptcy, who is now trying to recover funds for FTX customers.
In the complaint filed on Thursday, it is claimed that the FTX Foundation, the crypto exchange's non-profit branch known for promoting effective altruism, funded projects that were at times misguided and even dystopian in nature. Effective altruism is a philosophy that encourages individuals to accumulate wealth in order to contribute it to those less fortunate and prioritize humanity's long-term survival.
The lawsuit reveals a peculiar plan discussed in court documents. FTX founder's brother, Gabriel Bankman-Fried, reportedly had talks with an officer from the FTX Foundation regarding a scheme to buy the country of Nauru. Despite being a small island with a population of 12,500 in the Pacific Ocean, northeast of Australia, Nauru is susceptible to the effects of climate change, such as rising sea levels.
Nonetheless, the discussion revolved around acquiring Nauru to construct a "bunker/shelter" intended for a catastrophic event where a significant percentage of the population, from 50% to 99.99%, would perish, thereby ensuring the survival of most effective altruists. The legal complaint cites a memo outlining these plans.
Additionally, Nauru is known for being a tax haven, which might have been a contributing factor in the consideration of purchasing the country. The suit further alleges that the conversation between Gabe Bankman-Fried and the FTX Foundation officer also suggested building a laboratory for "human genetic enhancement," and their memo indicated that there might be other uses for a sovereign country as well, according to the lawyers involved.
As of now, there has been no response from Sam Bankman-Fried's spokesperson regarding Insider's request for comment on the matter.
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