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Is Sam Bankman-Fried A Thanos Fan? New Lawsuit Reveals FTX Founder’s Plan To Buy Island In A Population-Wipeout Scenario

The implosion of the cryptocurrency exchange FTX has revealed disturbing and questionable initiatives undertaken by its nonprofit division, the FTX Foundation.

What Happened: A newly filed lawsuit against disgraced FTX founder and former CEO, Sam Bankman-Fried, exposes some of these unsettling schemes.

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.

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 the Earth 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.

Additionally, the memo references using the island as a laboratory for developing sensible regulations surrounding human genetic enhancement.

See Also: From Crisis To Comeback: FTX’s Collapse And The Road To Redemption

Why It Matters: 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 presently 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 Benzinga Pro.

Read Next: Bitcoin, Ethereum, Dogecoin See Uptick Ahead Of Fed Policy Meet: Analyst Sees Big Sell-Off For Altcoins, But Says This Crypto Could Be Exception

Join Benzinga’s Future of Crypto in NYC on Nov. 14, 2023, to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space. Secure early bird discounted tickets now!

Photo by Cointelegraph on Wikimedia

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