FTX lobbyist tried to buy Pacific island of Nauru to create a new superspecies, lawsuit says

The Nauru ring road runs right around the Island nation of Nauru.
(C) Hadi Zaher | Moment | Getty Images

Sam Bankman-Fried’s younger brother, who was a top lobbyist for failed crypto exchange FTX, considered purchasing the island nation of Nauru in the Pacific to create a fortified apocalypse bunker-state, a lawsuit filed in Delaware bankruptcy court shows.

Gabe Bankman-Fried was looking at buying Nauru in the “event where 50%-99.99% of people die” to protect his philanthropic allies and create a genetically enhanced human species, according to the suit filed on Thursday by attorneys from Sullivan & Cromwell, which is seeking to recover billions of dollars following the collapse of FTX.

Bunker life is a well-documented fixation among tech billionaires, particularly those who identify as doomsday preppers. There’s also a fascination with buying large estates in the Pacific, and even owning small islands there.

In his years running FTX, the elder Bankman-Fried brother touted a philanthropic lifestyle called effective altruism and established the philanthropic arm with that in mind. Devotees of effective altruism work to maximize their income so they can give away their money in a fashion they see as most beneficial to humankind.

Gabe Bankman-Fried was FTX’s most visible presence in Washington, D.C., and was connected to bipartisan charitable donations that ran into the hundreds of millions. Along with an unnamed philanthropic officer of FTX, he considered buying Nauru, in part to foster “sensible regulation around human genetic enhancement, and build a lab there.”

A representative for Nauru confirmed the island nation was not and has never been for sale.

Nauru, with a population of about 12,000, is a little over 2,100 miles away from Brisbane, Australia. It was there that FTX lawyers allege the Bankman-Fried team sought to establish an emergency base for itself and a select group of “EAs,” or effective altruists.

In addition to serving as a haven in case of apocalypse, “probably there are other things it’s useful to do with a sovereign country, too,” according to a memo between the younger Bankman-Fried and the philanthropic advisor, which was noted in the suit.

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

Articles You May Like

OpenRefine’s Zip Slip Vulnerability Could Let Attackers Execute Malicious Code
Red Cross-Themed Phishing Attacks Distributing DangerAds and AtlasAgent Backdoors
Microsoft’s AI-Powered Bing Chat Ads May Lead Users to Malware-Distributing Sites
Apple Car Unlikely to Go Into Mass Production in Next Few Years: Ming-Chu Kuo
How to Use AirDrop to Share Photos and Videos on iOS 17 With Just a Tap