Gabriel Bankman-Fried, the brother of former FTX CEO Sam Bankman-Fried, had a plan to outlive a worldwide disaster utilizing funds from the now-defunct cryptocurrency alternate.
In line with a July 20 submitting with the USA Chapter Courtroom for the District of Delaware, Gabriel deliberate to buy the island nation of Nauru within the Pacific utilizing allegedly misappropriated funds by the FTX Basis. Initiatives with the charity “that served little objective apart from to boost the general public stature of Defendants,” in response to courtroom paperwork, included a $300,000 e-book grant on “people’ utility operate” in addition to a $400,000 grant to a YouTuber.
Nonetheless, considered one of Gabriel’s plans included getting ready for a possible apocalypse by buying Nauru, an island northeast of Australia with a inhabitants of roughly 12,000 as of 2023. In line with a memo between Gabriel and an unnamed officer of the FTX Basis, he deliberate to ascertain a bunker to get by “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 had based Guarding Towards Pandemics, a nonprofit group aimed toward getting ready for the following COVID-19. He reportedly stepped down from his place as govt director of the group amid the crypto alternate’s chapter.
Sam Bankman-Fried’s first felony trial within the U.S. has been scheduled for Oct. 2, the place he faces fees together with fraud associated to the commingling of funds between FTX and Alameda Analysis. It’s unclear whether or not Gabriel will supply testimony in opposition to his brother, however debtors within the FTX chapter case have considered subpoenaing him to offer info on any monetary advantages he could have obtained from the alternate.
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