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The Almighty Buck

FTX Lobbyist Tried to Buy Pacific Island to Create a New Superspecies, Lawsuit Says (cnbc.com) 76

An anonymous reader shared this report from CNBC: Sam Bankman-Fried's younger brother, who was a top lobbyist for failed crypto exchange FTX, considered purchasing the island nation of Nauru in the Pacific to create a fortified apocalypse bunker state, a lawsuit filed in Delaware bankruptcy court shows.

Gabe Bankman-Fried was looking at buying Nauru in the "event where 50%-99.99% of people die" to protect his philanthropic allies and create a genetically enhanced human species, according to the suit filed Thursday by attorneys from Sullivan & Cromwell, which is seeking to recover billions of dollars following the collapse of FTX... Along with an unnamed philanthropic officer of FTX, Gabe Bankman-Fried considered buying Nauru, in part to foster "sensible regulation around human genetic enhancement, and build a lab there...."

In addition to serving as a haven in case of apocalypse, "probably there are other things it's useful to do with a sovereign country, too," according to a memo between the younger Bankman-Fried and the philanthropic advisor, which was noted in the suit.

"A representative for Nauru confirmed the island nation was not and has never been for sale."
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FTX Lobbyist Tried to Buy Pacific Island to Create a New Superspecies, Lawsuit Says

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  • It's official (Score:5, Insightful)

    by r1348 ( 2567295 ) on Saturday July 22, 2023 @02:48PM (#63707240)

    Cryptobros are idiots.

  • by alanshot ( 541117 ) <<moc.iru9dk> <ta> <yor>> on Saturday July 22, 2023 @02:48PM (#63707244)

    A "geneticallysuperior race". Where have I heard that one before?

  • FTX Lobbyist Tried to Buy Pacific Island to Create a New Superspecies, Lawsuit Says (cnbc.com)

    These rich assholes really are completely full of shit. The only thing funnier than thinking that a lobbyist would be the perfect genetic template for the creation of a new super species, is thinking that out of all the lobbyists on the planet most perfect specimen to choose as your super-species' genetic progenitor would be a Bankman-Fried.

  • ...the failure of FTX is just a consequence of darwinism vs. intelligent (ahem...) design ?
  • do they have a supply of amber?

  • (https://en.wikipedia.org/wiki/Lazarus_Long) Although it's probably not for trying...

  • by RockDoctor ( 15477 ) on Saturday July 22, 2023 @03:40PM (#63707360) Journal
    Building an apocalypse bunker at all is pretty stupid - without including facilities to grow your own food after the seventh generation of isolation. But building one on NAURU is really stunningly stupid. Building an underground one on Nauru is even stupider.

    Has techbrodude realised that the highest point of Nauru is 71m above sea level, so is going to be fairly early (2200, maybe sooner) on the list of inundations. And before then, you're going to have decades to centuries of having to maintain your walls against the seawater seeping through them.

    Utter idiot.

    • by leonbev ( 111395 )

      Silly techbros... all of smart Bond villains picked a tropical island with a dormant volcano on it. Gives you a cool place to build your secret liar!

    • Came to these comments to ensure that someone pointed this out. Leaving satisfied.
    • The only intelligent use would be as a sort of SPAC... call it a Special Purpose Acquisition Country. You get the recognized sovereignty, treaty memberships, etc., and put all the good stuff in "embassies" in better locations.

      This is kind of how the House of Lichtenstein operated. They were originally Austrian lords with a kaleidoscope of shifting land holdings all over the place. In 1699 they were able to buy a tiny lordship that was immediate, i.e. in fief only to the Holy Roman Emperor, and grew that int

  • ... and that Superspecies is clearly ahead of all other nations following their lead: https://en.wikipedia.org/wiki/... [wikipedia.org]
  • One brother is a multi-billion dollar scammer, the other is a supervillain in search of a lair.

    Those two walking advertisements for contraception. I wonder if their parents are ashamed...

  • So its the same kind of crazy, but buy and island instead of trying to build a "self sufficient colony"
    I'm waiting for them to figure out you are now responsible for this country.
  • Well, some of the Bond villains were cooler than Bond himself.

  • I, as a mutant bounty hunter, have the Bankman-Frieds in my sights. My employer Magneto says "We have to put our foot down on this."
  • by zephvark ( 1812804 ) on Saturday July 22, 2023 @05:43PM (#63707540)

    There was an idea of a newslike article here but, there's no information in it.

    • There was an idea of a newslike article here but, there's no information in it.

      On its own, I think it's still informative on two counts:

      1) The basic concept of buying a small and inhabited country and turning it into your personal fortress is incredibly entitled.

      2) The idea that they'd genetically engineer super humans at the same time is nutty and signs of a not-very-serious thinker.

      3) This incredibly entitled and not-serious brother of the founder was put in a position of significant authority.

      4) Just where was the money supposed to come from? Was their rich person private state to

  • I see they skipped the Lord of The Rings association for their behavior and went straight for Foundation...

  • There's probably a lot of countries that could be bought out for under $50bn, which wouldn't worry a lot of rich people...

    https://en.wikipedia.org/wiki/... [wikipedia.org]

  • ... a mineshaft gap [youtube.com].

  • His current plan doesn't involve islands, but it isn't that different.
  • With that level of cartoonish supervillainery, these guys are definitely Republicans.
  • KHAAAAAAN!
  • A "superspecies" would likely have super-intelligence and anyone with that smart would have had nothing to do with FTX in the first place. Maybe this is the con-man version of pulling the ladder up behind you.
  • Gabe Bankman-Fried was looking at buying Nauru ... to protect his philanthropic allies and create a genetically enhanced human species ...

    KAAAAAAAAAAAAAHHHNN!!!

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