FTX logo and Bitcoin symbol are screened for illustration photo. Kraków, Poland on January 18, 2023. Unsettling schemes were laid bare by a newly-filed lawsuit against disgraced FTX founder and former CEO, Sam Bankman-Fried. BEATA ZAWRZEL/NURPHOTO VIA GETTY IMAGES.
The implosion of the cryptocurrency exchange FTX has revealed disturbing and questionable initiatives undertaken by its nonprofit division, the FTX Foundation.
Some of these unsettling schemes were laid bare by a newly-filed lawsuit against disgraced FTX founder and former CEO, Sam Bankman-Fried.
“One particularly eyebrow-raising memo uncovered in the lawsuit reveals discussions between Bankman-Fried and his brother about purchasing the Micronesian island nation of Nauru to construct a bunker,” said Benzinga.
The purpose of this elaborate plan was to have a secure location in the event of a catastrophic event reducing the global population by “50 to 99.99%” and repopulating it thereafter.
“This plot is reminiscent of the movie “Avengers: Infinity War,” where the fictional villain, Thanos, sought to wipe out 50% of the universe’s population in his quest for ultimate balance. This notion of a catastrophic event drastically reduces population numbers,” said Benzinga.
Additionally, the memo references using the island as a laboratory for developing sensible regulations surrounding human genetic enhancement.
Despite claims that the FTX Foundation aimed to serve a greater purpose, the lawsuit suggests that its primary function was to improve the public image of the defendants.
The foundation distributed grants for various projects, including funding of $300,000 for a book exploring ways to ascertain “humans’ utility functions.”
Furthermore, a substantial sum of $400,000 was allocated for the creation of animated YouTube videos explaining the concept of effective altruism, featuring topics such as “grabby aliens.”
Bankman-Fried, who faces charges of fraud, has maintained his plea of not guilty and is currently awaiting trial, scheduled for later this year.
Price Action: At the time of writing, Bitcoin (CRYPTO: BTC) was trading at $29,774, down 0.24% in the last 24 hours, according to Zenger News Pro.
© 2023 Zenger News.com. Zenger News does not provide investment advice. All rights reserved.
Produced in association with Benzinga
Edited by Nalova Akua and Judy J. Rotich
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