Gabe Bankman-Fried, brother of disgraced FTX founder Sam Bankman-Fried, was operating the Pacific island of Nauru to serve as an apocalyptic bunker for him and his mates if ‘50%-99.99% of people around the world die’, a lawsuit claims.
A crypto wizkid and brother of the disgraced founder of cryptocurrency exchange FTX planned to buy a private island and use it to create genetically enhanced humans, a bankruptcy case has claimed.
Gabe Bankman-Fried, brother of disgraced founder Sam Bankman-Fried (SBF), a lobbyist for now-defunct multi-billion dollar cryptocurrency exchange FTX, plans to buy the Pacific island of Nauru to create an apocalypse bunker state, according to documents filed in a Delaware bankruptcy court.
Lawsuit filed by attorneys from Sullivan & Cromwell to recover billions of dollars following the collapse of FTX.
It claims Gabe is going to buy the island in the event of an apocalypse where “50%-99.99% of the people die” so he and his rich friends can live.
During the short years that FTX operated, SBF was a prominent figure in the ‘effective philanthropy’ movement, which encouraged wealthy people to give money to benefit humanity.
Younger brother Gabe was one of the most visible lobbyists in Washington during this period, linked to millions in charitable donations.
Along with another FTX employee, he considered buying Nauru to develop “sensible control over human genetic enhancement” and build a lab there.
It will never be for sale, a representative for the island nation of Nauru confirmed.
The lawsuit cited a memo between Gabe and another philanthropic adviser that stated there were other useful things to do with a sovereign nation, including serving as a haven in the event of the apocalypse.
With a population of about 12,000, the island is about 2,100 miles from Brisbane, Australia.
For years SBF has modeled itself as the friendly face of blockchain, lobbying for more regulation and guiding lawmakers through this new world of crypto-finance.
His cryptocurrency exchange FTX, at one point the second largest company of its kind in the world, filed for bankruptcy in November 2022 with millions losing their savings.
Multiple celebrities have been linked to the company, including Shaquille O’neal, Steph Curry, David Ortiz, Shohei Ohtani, Naomi Osaka and Larry David, and some are now involved in related lawsuits.
The company’s downfall began when questions were raised about the close relationship between FTX and another SBF company – trading firm Alameda Research.
The U.S. Securities and Exchange Commission alleges he orchestrated a years-long fraud by diverting investors’ funds to Alameda, using them to make venture investments, luxury real estate purchases and large political donations.
SBF was arrested in the Bahamas and extradited to the US, where he remains under house arrest.