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Home»Finance»FTX lobbyist tried to buy island Nauru, create superspecies: lawsuit
Finance

FTX lobbyist tried to buy island Nauru, create superspecies: lawsuit

July 22, 2023No Comments2 Mins Read
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FTX lobbyist tried to buy island Nauru, create superspecies: lawsuit
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The Nauru ring highway runs proper across the Island nation of Nauru.

(C) Hadi Zaher | Second | Getty Pictures

Sam Bankman-Fried’s youthful brother, who was a high lobbyist for failed crypto change FTX, thought-about buying the island nation of Nauru within the Pacific to create a fortified apocalypse bunker-state, a lawsuit filed in Delaware chapter court docket reveals.

Gabe Bankman-Fried was looking to buy 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 line with the swimsuit filed on Thursday by attorneys from Sullivan & Cromwell, which is searching for to get better billions of {dollars} following the collapse of FTX.

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

In his years working FTX, the elder Bankman-Fried brother touted a philanthropic life-style referred to as efficient altruism and established the philanthropic arm with that in thoughts. Devotees of efficient altruism work to maximise their earnings to allow them to give away their cash in a trend they see as most useful to humankind.

Gabe Bankman-Fried was FTX’s most seen presence in Washington, D.C., and was linked to bipartisan charitable donations that bumped into the a whole bunch of thousands and thousands. Together with an unnamed philanthropic officer of FTX, he thought-about shopping for Nauru, partly to foster “wise regulation round human genetic enhancement, and construct a lab there.”

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

Nauru, with a inhabitants of about 12,000, is somewhat over 2,100 miles away from Brisbane, Australia. It was there that FTX legal professionals allege the Bankman-Fried workforce sought to determine an emergency base for itself and a choose group of “EAs,” or efficient altruists.

Along with serving as a haven in case of apocalypse, “most likely there are different issues it is helpful to do with a sovereign nation, too,” in line with a memo between the youthful Bankman-Fried and the philanthropic advisor, which was famous within the swimsuit.

WATCH: FTX seeks to claw again $700 million from ex-Clinton aide’s funding agency

FTX seeks to claw back $700 million from ex-Clinton aide's investment firm

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