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Fortune

Leo Schwartz

SBF's brother planned to buy an island nation with FTX funds to build apocalypse bunker - lawsuit says

FTX Gabe BankmanFried Sam Bankman-Fried Lawsuit Gabriel BankmanFried Caroline Ellison Gary Wang Nishad Singh Alameda Gap

(Credit: Michael M. Santiago—Getty Images)

Sam Bankman-Fried's brother Gabe wanted to use the FTX Foundation to buy the island nation of Nauru and set up a bunker for him and other 'effective altruists' could live out the apocalypse in style.

Gabe's island dream is one of the most eye-catching of the many revelations that have bubbled to the surface in a series of lawsuits the FTX bankruptcy estate has filed to recover hundreds of millions of FTX dollars from the collapse of Sam Bankman-Fried's crypto empire—money the estate alleges was fraudulently allocated customer cash.

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