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 alternate.
In keeping with a July 20 submitting with the USA Chapter Courtroom for the District of Delaware, Gabriel deliberate to buy the Pacific island nation of Nauru utilizing allegedly embezzled funds via the FTX Basis. In keeping with courtroom paperwork, tasks with the charity “which served no function apart from enhancing the general public stature of the defendants” included a $300,000 grant for a e-book on “human utility perform” in addition to a $400,000 grant to a YouTuber.
Proceed studying on Coin Telegraph
