In a recent court filing in Delaware bankruptcy court, it was revealed that Gabriel Bankman-Fried, brother of former FTX CEO Sam Bankman-Fried, allegedly planned to use funds from the now-defunct cryptocurrency exchange for various projects, including buying the P ac island nation of Nauru. The court documents suggest that some of the funds misappropriated through the FTX Foundation were intended to enhance Gabriel's public standing, including grants to organizations and a YouTuber.
One of Gabriel's purchased plans was to prepare for a potential doomsday scenario by acquiring Nauru and building a bunker to ensure the survival of effective altruists in the event of a catastrophic event that could potentially wipe out a significant portion of the glob al population. The memo between Gabriel and an unnamed FTX Foundation official mentioned the intention to construct bunkers focused on human genetic enhancement and other assets that could be beneficial to a sovereign nation.
Gabriel Bankman-Fried previously founded Guarding Against Pandemics, a non-profit organization aimed at preparing for future pandemics like COVID-19, but he reportedly resigned from his role as executive director amid FTX's bankruptcy. Meanwhile, his b brother Sam Bankman-Fried faces criminal charges, including fraud related to the commingling of funds between FTX and Alameda Research. It remains uncertain whether Gabriel will testify against his brother in the upcoming criminal trial, but creditors in the FTX bankruptcy case have considered subpoenaing him for any information about financial benefits he may have received from the exchange.
