Gabriel Bankman-Friedbrother Sam Bankman-FriedThe former CEO of FTX hatched a plan to survive a global disaster using funds from the now-defunct crypto exchange.
According to a July 20 document filed in the United States District of Delaware Bankruptcy Court, Gabriel planned to buy the island of Nauru, in the Pacific, using funds allegedly embezzled through the FTX Foundation. Projects with charity, according to court documents “had no other purpose than to increase the reputation of the defendants”including A $300,000 book on “people’s utility function” And $400,000 grant for a YouTuber.
But one of Gabriel’s plans was to prepare for a possible doomsday by purchasing Nauru, an island in northeastern Australia with a population of about 12,000, in 2023. According to a memo between an anonymous FTX Foundation official and Gabriel, build a shelter be able to overcome “an event where 50-99.99% of people die [per] Make sure you have most of the EA [effective altruists] Survive” And set up a laboratory focus “human genetic enhancement”.
“There are probably other things it’s useful to do with a sovereign country”reads the note with reference to the planned acquisition.
Before the fall of FTX in November 2022, Gabriel founded Guarding Against Pandemics, a non-profit organization dedicated to preparing for the next COVID-19. Following the bankruptcy of the crypto exchange, he reportedly stepped down from the position of executive director of the organization.
Sam Bankman-Fried’s first criminal case set for October 2It will have to respond to allegations of fraud regarding the mixing of funds between FTX and Alameda Research. It is unclear whether Gabriel will testify against his brother.but the debtors in the FTX case they considered suing him to inquire about any financial benefits from the exchange.
Translation of Matteo Carrone