Sam Bankman-Fried of Failed FTX Fame, Once Planned the Ultimate Doomsday Prep By John Steele
Sam Bankman Fried, the crypto king whose firm FTX went bankrupt last year, now faces over a century in prison from fraud and money laundering. What is even more interesting is that as revealed by a Delaware bankruptcy court, that FTX planned to purchase the island state of Nauru in the Pacific to create a fortified apocalypse bunker state. They were preparing for an “event where 50%-99.99% of people die.” And they intended to have a genetics lab to create humans with genetic enhancement.
Clearly these guys were quite unsound in their thinking, since, first the island state of Nauru is not for sale, and any event that would wipe out up to 99.99 percent of humanity, would almost certainly wipe out Nauru. Now they can sit out the apocalypse in prison.
“Sam Bankman-Fried’s younger brother was on a memo exchange, along with an officer of the FTX Foundation, about a potential plan to purchase the island nation of Nauru in the Pacific to create a fortified apocalypse bunker state, a lawsuit filed in Delaware bankruptcy court alleges.
The memo, which was exchanged between Gabe Bankman-Fried, brother of the FTX founder, and the foundation representative described a possible purchase of Nauru in the “event where 50%-99.99% of people die.” On the island, they could ensure that most effective altruists survived and could create “sensible regulation around human genetic enhancement, and build a lab there,” the lawsuit said, citing the memo.
The suit was filed 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 one of the most visible presences in Washington, D.C., connected to FTX, with charitable and political donations that ran into the hundreds of millions.
In a statement emailed to CNBC on Oct. 16, Michael Tremonte, Gabe Bankman-Fried’s attorney, said “Gabriel Bankman-Fried did not create, endorse, contribute to, or draft a plan to acquire the island of Nauru. In truth, Gabe received by email a link to the memo, which he did not write or request, and did not forward to anyone else.”
A representative for Nauru confirmed the island nation was not and has never been for sale.”
Good for the people of Nauru.
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