Gabriel Bankman-Fried, brother of former FTX CEO Sam Bankman-Friedhad a plan to outlive the worldwide disaster utilizing funds from a now-defunct cryptocurrency alternate.
In line with July 20 submitting in the USA Chapter Courtroom for the District of Delaware, Gabriel deliberate to buy the Pacific island of Nauru utilizing allegedly embezzled funds by means of the FTX Basis. In line with courtroom paperwork, the charity’s tasks “which had no different goal than to boost the defendants’ publicity” included a $300,000 grant for a “human utility perform” in addition to a $400,000 grant to a YouTuber.
Proceed studying Coin Telegraph.
