Dogecoin

Foundation

Elon Musk

<figure> 
 <figcaption>
  Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
<p lang="en-GB" xml:lang="en-GB">Billy Markus is known as a cofounder of popular meme cryptocurrency Dogecoin – he created it in 2013 in collaboration with Jackson Palmer and launched it as a parody of the flagship digital currency Bitcoin.</p>
<p lang="en-GB" xml:lang="en-GB">Now, Markus is an active Twitter/X user and a pen pal of Elon Musk on the same social media platform, unlike Palmer, who tweets very seldom and is a critic of the Tesla CEO. Markus has taken to Twitter to share a curious and perhaps (shocking to some) fact about the founder of FTX, the bankrupt crypto exchange created by Sam Bankman-Fried. SBF planned to buy an island, survive an apocalypse and enhance mankind genetically on a “sensible” scale.</p>
<h2 id="sbf-looked-to-buy-nauru-island-to-build-survival-bunker">SBF looked to buy Nauru Island to build survival bunker&nbsp;</h2>
<p lang="en-GB" xml:lang="en-GB">Before his brainchild FTX exchange collapsed, young crypto billionaire Sam Bankman-Fried planned to <a href="https://qz.com/sam-bankman-fried-ftx-nauru-court-case-money-laundering-1850662899">acquire Nauru Island</a> with a whole nation living on it. He did it out of security concerns since, apparently, SBF expected human civilization to collapse in the near future. He was unable to predict the collapse of FTX, though.</p>
<blockquote>
 <p lang="en" dir="ltr">did you know that SBF wanted to buy the island of nauru for himself and his EA friends and make a giant bunker there in case the world ended? 🤣 <a href="https://t.co/VUCB2IGEt6">pic.twitter.com/VUCB2IGEt6</a></p>— Shibetoshi Nakamoto (@BillyM2k) <a href="https://twitter.com/BillyM2k/status/1731738845014810933?ref_src=twsrc%5Etfw">December 4, 2023</a>
</blockquote> 
<p lang="en-GB" xml:lang="en-GB">Therefore, the acquisition of the island was his survival plan for FTX and his own trading firm Alameda Research and their staffers, according to court filings in a federal bankruptcy court in Delaware in late July.</p>
<p lang="en-GB" xml:lang="en-GB">The memo written by SBF’s brother Gabriel Bankman-Fried (who was also a high-ranked FTX Foundation official) says that the plan was to acquire Nauru Island and build a “bunker/shelter” in case an event happens that will destroy a significant part of the population (e.g., a massive fire or flood). Among those for whom that bunker was planned were members of the effective altruism movement.</p>
<p lang="en-GB" xml:lang="en-GB">In that bunker, the survivors led by SBF wanted to potentially create a lab and establish “sensible regulation around human genetic enhancement.”</p>
<h2 id="here-s-comes-intriguing-part-as-to-why-sbf-chose-nauru-island">Here’s comes intriguing part as to why SBF chose Nauru Island</h2>
<p lang="en-GB" xml:lang="en-GB">Nauru is the smallest island state in the world, with money-laundering known to be conducted there several times in its history. Thus, this particular choice of location for SBF’s “bunker” adds a flavor of intrigue to this story.</p>
<p lang="en-GB" xml:lang="en-GB">According to the court filings, Bankman-Fried himself was accused to defrauding FTX customers of roughly $8 billion in cryptocurrencies they held in the platform’s wallets.</p>
<p lang="en-GB" xml:lang="en-GB">Thus, the actions of SBF do not seem to match the concept of effective altruism, which implies that a group of people accumulates wealth to help those who are underprivileged. His survival plan also raises ethical concerns, as well as questions regarding whether he indeed wanted to accumulate large wealth to help the less fortunate.</p>
<h2 id="sbf-knew-how-to-save-ftx-john-deaton-claims">SBF knew how to save FTX, John Deaton claims</h2>
<p lang="en-GB" xml:lang="en-GB">Founder of Crypto-Law.US and vocal Ripple/XRP advocate John Deaton is a harsh SBF critic. <a href="https://twitter.com/JohnEDeaton1/status/1731854495062106465">In a recent tweet</a>, he stated that now “crypto is back in full swing again.”</p>
<p lang="en-GB" xml:lang="en-GB">Deaton stated that if Bankman-Friend had not filed for FTX’s bankruptcy and managed to raise enough money (or provide his own funds) to “stop the bleeding” of the FTX platform, he would have managed to save his business and himself from prison.</p>

Dogecoin Founder Reveals Shocking Fact About FTX Creator SBF

Table of Contents

U_Today

Other articles published on Dec 5, 2023

SOL Price Down 6% As Millions of Tokens Are Moved to Coinbase

Gold crashes 24h after Peter Schiff said its ‘rally is real’ unlike Bitcoin’s

Curvance Raises $3.6M in Seed Round from Over 20 DAOs and DeFi Builders including Offchain Labs a...

Are Bitcoin companies sifting customers’ deposits for rare satoshis?

6 Best Meme Coins to Buy in 2023

BlackRock & Bitwise Submit Revised Prospectus For Bitcoin ETF

Join our free newsletter for daily crypto updates!