Gabe Bankman-Fried, the sibling of FTX's creator, allegedly attempted to purchase the tiny nation of Nauru, according to a Delaware lawsuit.The legal action, submitted by lawyers from Sullivan & Cromwell, looks for to reclaim billions of dollars from Sam Bankman-Fried in the aftermath of FTX's downfall.Nauru, hosting a populace of around 12,000, is located around 2,100 miles away from Brisbane, Australia.
According to a suit filed Thursday in Delaware bankruptcy court, Sam Bankman-Fried's younger brother Gabe, who had previously been a prominent lobbyist for the now-defunct crypto exchange FTX, investigated the possibility of purchasing the Pacific island nation of Nauru to form a fortified bunker-state in the event that 50-99.99% of people were to perish. He and a philanthropic officer of FTX had intended to use the island to create a genetically-enhanced human species and safeguard allies of the effective altruism movement, which Sam had previously embraced. Buying large estates in the Pacific, and even owning small islands has become a fixation amongst many tech billionaires, with some even looking to establish emergency bases in this way. As a symbol of his commitment to effective altruism, Sam had established a philanthropic arm of FTX with the intention of maximizing income and giving it back to help humanity. Gabe had also pledged hundreds of millions of dollars in bipartisan charitable donations in his time working for FTX in Washington, D.C. After exploring the benefits of establishing a base in the nation, the Bankman-Fried team got in touch with representatives in Brisbane, Australia, although the Nauru government have since confirmed the island is not, and has never been, for sale. Outside of emergency use, the memo between Gabe and the philanthropic advisor also alludes to other potential uses of a sovereign nation.
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