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The Guardian - US

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Maya Yang

Bankman-Fried planned to buy Nauru and build apocalypse bunker – lawsuit

Sam Bankman-Fried Caroline Ellison Lawsuit Nauru FTX Alameda Research Pacific Island The New York Times

Sam Bankman-Fried outside court in Manghattan in June. He has pleaded not guilty to charges that he cheated investors and stole billions of dollars. — Sam Bankman-Fried outside court in Manghattan in June. He has pleaded not guilty to charges that he cheated investors and stole billions of dollars. Photograph: Bebeto Matthews/AP

The disgraced cryptocurrency mogul Sam Bankman-Fried, who founded the FTX exchange, had planned to purchase the small Pacific island nation of Nauru in case the world came to an end, according to a new lawsuit.

The lawsuit, filed on Thursday by FTX against its 31-year-old founder and three other former executives, and seeking $1bn, included a memo created by Bankman-Fried’s younger brother Gabriel and an FTX Foundation executive. The memo detailed plans to buy Nauru.

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