Gabriel Bankman-Fried, the brother of the previous CEO of FTX Sam Bankman Friedhad a plan to outlive a worldwide catastrophe utilizing funds from the now defunct cryptocurrency trade.
Based on a July 20 submitting with the US Chapter Courtroom for the District of Delaware, Gabriel deliberate to buy the Pacific island nation of Nauru utilizing allegedly embezzled funds by the FTX Basis. Based on court docket paperwork, initiatives with the charity “which served no goal aside from enhancing the general public stature of the defendants” included a $300,000 grant for a ebook on “human utility operate” in addition to a $400,000 grant to a YouTuber.
Proceed studying on Coin Telegraph
