Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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A lawsuit filed Thursday by FTX against its former leaders showed Sam Bankman-Fried’s younger brother messaging someone at the FTX Foundation charity about buying the Pacific island nation of Nauru, as reported by Bloomberg.
[it would be used] for “some event where 50%-99.99% of people die [to] ensure that most EAs [effective altruists] survive” and to develop “sensible regulation around human genetic enhancement, and build a lab there.” The memo further noted that “probably there are other things it’s useful to do with a sovereign country, too.”
This would be news to the nation’s roughly 12,000 existing inhabitants. Also, at 213 feet elevation, it’s vulnerable to rising seas, and damage from phosphate mining has rendered most of its land uninhabitable.
