Sam Bankman-Fried, the founder of crypto company FTX, had a unique idea amidst having billions of dollars in his digital wallet. In a recent complaint filed by FTX against Bankman-Fried and three other ex-executives, it was revealed that he had considered purchasing an entire island nation, Nauru, and building a bunker for himself and other elites to ride out the apocalypse. The memo from Bankman-Fried’s younger brother, Gabriel Bankman-Fried, outlined this potential purchase.
The $1 billion lawsuit, filed in federal bankruptcy court, refers to the memo exchanged between Gabriel and an FTX Foundation officer. The plan discussed in the memo involved using Nauru as a base for “effective altruists,” a movement that seeks to address global issues by pooling wealth. The intention was to ensure the survival of most effective altruists in the event of a catastrophe where a large percentage of the population perishes.
The memo also mentioned the possibility of establishing a lab for human genetic enhancement in Nauru and implementing sensible regulations in that area. It hinted at other potential uses for a sovereign country without providing specifics. However, it’s worth noting that Nauru has a history of being used for money laundering purposes by Russian mobsters and al-Qaeda.
Bankman-Fried’s plans with both FTX and Nauru are surprising because they go against the principles of the effective altruism movement. Instead of using their wealth to address global issues, the plans seem to focus on enriching a select few and isolating themselves from a global calamity. It’s interesting to note that Bankman-Fried is currently under home confinement at his parents’ residence in California after being extradited from the Bahamas to the US.
In conclusion, Sam Bankman-Fried’s idea of purchasing Nauru and building a bunker for elites reveals a contrasting approach to the effective altruism movement. While this plan may be unique and intriguing, it raises questions about the true intentions behind it.
Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
