FTX Chief's Brod Planned To Buy Nauru

Sam Bankman-Fried’s brother planned to buy the island nation of Nauru with FTX funds to build an apocalypse bunker, a new lawsuit alleges, Leo Schwartz reported for Fortune.

Photo Insert: Gabe Bankman-Fried tried to use the FTX Foundation to siphon off money and build the bunker for him, for Sam, and for other “effective altruists” to live out the apocalypse in style.

Gabe Bankman-Fried tried to use the FTX Foundation to siphon off money and build the bunker for him, for Sam, and for other “effective altruists” to live out the apocalypse in style.

FTX has also been accused of spending $376 million to get a $2 million license in Europe, apart from using straw donors to donate tens of millions of dollars in illegal political contributions as the Department of Justice alleged. An examination of FTX’s books showed a $7-billion hole in the balance sheet.

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