December 11, 2023

The Nauru Ring Road bypasses the island nation of Nauru.

(C) Hadi Zaher | The Moment | Getty Images

The younger brother of Sam Bankman-Fried, a top lobbyist for failed cryptocurrency exchange FTX, considered buying the Pacific island nation of Nauru to create a fortified doomsday bunker state, according to a lawsuit filed in Delaware bankruptcy court.

Gabe Bankman-Fried is considering buying Nauru “in the event that 50%-99.99% of the population dies” to protect his philanthropic allies and create a genetically enhanced human species, according to a lawsuit filed Thursday by attorneys for Sullivan & Cromwell. Lawyers for the law firm Sullivan & Cromwell filed the lawsuit Thursday, which is seeking to recover billions of dollars in damages following the FTX debacle.

bunker life is a well documented fix Among tech billionaires, especially those who are considered doomsday preppers. People are also keen to buy large properties in the Pacific Ocean, and even own small islands there.

During his years running FTX, Bankman-Fried’s brother preached a philanthropic lifestyle known as effective altruism, and built the philanthropic division on the idea. Believers in effective altruism aim to maximize their income so they can give their money in ways they believe are best for humanity.

Gabe Bankman-Fried is FTX’s highest-profile presence in Washington, D.C., with ties to hundreds of millions of dollars in bipartisan charitable giving. He, along with an unnamed philanthropic official at FTX, considered buying Nauru, in part to promote “sound regulation of human genetic enhancement and establish a laboratory there.”

A representative of Nauru confirmed that the island nation was never and has never been sold.

Nauru has a population of approximately 12,000 people and is located a little over 2,100 miles from Brisbane, Australia. FTX lawyers claim that it was there that the Bankman-Fried team established an emergency base for themselves and a select group of “EAs” (effective altruists).

The lawsuit notes that a memo between the young Bankman-Fried and a philanthropic adviser said that “it may be useful for a sovereign nation to do other things” besides serving as a refuge in times of disaster.

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