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The Nauru Ring Road runs around the island of Nauru.
(C) Hadi Zaher | moment | Getty Images
The younger brother of Sam Bankman Fried, who was a senior lobbyist for the failure of cryptocurrency exchange FTX, considered buying the Pacific island of Nauru to create a fortress nation at the end of the world, a lawsuit that was filed in Delaware bankruptcy court.
Gabe Bankman-Fried was looking to buy Nauru at “the event where 50%-99.99% of people die” to protect its benevolent allies and create a genetically enhanced human species, according to the lawsuit filed Thursday by attorneys from Sullivan & Cromwell, which seeks to recover billions of dollars after the collapse of FTX.
Cellar life is a Well documented installation among tech billionaires, particularly those deemed doomsday ready. There is also a fascination with buying large real estate in the Pacific Ocean, and even owning small islands there.
In his years running FTX, Bankman-Fried’s older brother had been promoting a philanthropic lifestyle called Effective Altruism and created the charitable arm with this in mind. Effective altruists maximize their income so that they can donate their money in a way that they deem most beneficial to humanity.
Gabe Bankman-Fried was FTX’s most prominent presence in Washington, D.C., and was associated with bipartisan charitable donations running into the hundreds of millions. Together with an unnamed FTX philanthropic official, he considered buying Nauru, in part to promote “reasonable regulation around human genetic improvement, and building a laboratory there”.
A representative of Nauru confirmed that the island was not for sale and had never been offered.
Nauru, with a population of about 12,000, lies just over 2,100 miles from Brisbane, Australia. It was there that FTX lawyers alleged that the Bankman-Fried team sought to create an emergency rule for itself and a select group of “EAs,” or effective influencers.
In addition to serving as a haven in the event of an apocalypse, “there are likely to be other things that would be useful to do with a sovereign country as well,” according to a memo between the younger Bankman-Fried and the philanthropic adviser, which is referenced in the suit.
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