FTX planned to buy island of Nauru and build bunker in case of mass human extinction

FTX members allegedly planned to acquisition a tiny land federation successful lawsuit of disaster, according to a July 20 filing successful the company’s bankruptcy case.

Case substance shows that an unidentified FTX serviceman communicated with Gabriel Bankman-Fried — the member of erstwhile FTX CEO Sam Bankman-Fried — the anticipation of buying an 8.1 quadrate mile microstate called Nauru and constructing a bunker there.

Specifically, a memo betwixt the 2 individuals described gathering a “bunker / shelter” successful lawsuit of an lawsuit that kills 50% to 99.99% of the quality population. The bunker was intended to guarantee the endurance of the bulk of effectual altruists — a societal question that Sam and Gabriel Bankman-Fried and others were progressive with.

According to the quoted memo, Nauru would besides beryllium utilized to physique a laboratory and make “sensible regulation” for quality familial enhancement. The memo stated that determination are “other things it’s utile to bash with a sovereign country, too.”

FTX wants erstwhile members to instrumentality funds

The supra plans are mentioned wrong a broader enactment done which FTX, present nether caller leadership, aims to retrieve funds from erstwhile institution members.

FTX’s foundation arm, the FTX Foundation, would person been liable for the Nauru plan, and arsenic such, leaders raised it arsenic grounds of the Foundation’s deficiency of legitimacy.

Current enactment different described the FTX Foundation’s plans arsenic “frequently misguided and sometimes dystopian” and drew attraction to its different spending.

The FTX Foundation notably paid $300,000 for a publication connected quality inferior function, a word utilized to picture however AI systems tin beryllium aligned with quality values. It paid a $400,000 assistance to a YouTube transmission that posted videos connected topics including “grabby” aliens — that is, alien civilizations theoretically progressive capable to beryllium discovered.

The filing different details different questionable spending antecedently reported, including luxury condo payments and political and charitable donations. It besides mentions self-awarded bonuses by Alameda Research CEO Caroline Ellison, who is presently set to beryllium a prima witness successful Sam Bankman-Fried’s pending transgression trial.

FTX’s caller enactment alleges that past members had “virtually limitless power” to transportation fiat and crypto and said members enactment their ain interests supra institution interests. Leaders present question the instrumentality of funds, either straight oregon arsenic damages.

The station FTX planned to bargain land of Nauru and physique bunker successful lawsuit of wide quality extinction appeared archetypal connected CryptoSlate.