Gabriel Bankman-Fried, the brother of frail FTX CEO Sam Bankman-Fried, had a notion to continue to exist a global peril the usage of funds from the now-defunct cryptocurrency alternate.
In step with a July 20 submitting with the US Economic raze Court docket for the District of Delaware, Gabriel deliberate to purchase the island nation of Nauru in the Pacific the usage of allegedly misappropriated funds thru the FTX Basis. Initiatives with the charity “that served small motive rather than to red meat up the public stature of Defendants,” in step with court documents, included a $300,000 e book grant on “folk’ utility characteristic” to boot to a $400,000 grant to a YouTuber.
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