Dogecoin

<ul>
 <li>SBF had an ambitious plan to acquire Nauru Island before the downfall of FTX.</li>
 <li>The plan was outlined in court filings, aiming to establish a bunker on Nauru Island to protect FTX.</li>
 <li>Billy Markus made this surprising revelation about Sam Bankman-Fried’s island acquisition plan on X.</li>
</ul>
<p>In a surprising <a href="https://twitter.com/BillyM2k/status/1731738845014810933" target="_blank" rel="noopener noreferrer nofollow">revelation</a> on X, Billy Markus, co-founder of <a href="https://thenewscrypto.com/?s=dogecoin" target="_blank" rel="noopener noreferrer nofollow">Dogecoin</a>, sheds light on the ambitious island acquisition plan of Sam Bankman-Fried, the now-bankrupt creator of the FTX cryptocurrency exchange. The plan, aimed at securing a future amidst apocalyptic scenarios, has sparked both curiosity and ethical concerns within the crypto community.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <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? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f923.png" alt="🤣" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/VUCB2IGEt6" rel="noopener noreferrer nofollow">pic.twitter.com/VUCB2IGEt6</a></p>— Shibetoshi Nakamoto (@BillyM2k) <a href="https://twitter.com/BillyM2k/status/1731738845014810933?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 4, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Billy Markus, one of the minds behind the creation of the meme cryptocurrency Dogecoin, recently took to Twitter to disclose an intriguing detail about Sam Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange.</p>
<p>Unlike Jackson Palmer, Markus remains active on social media, and his recent revelation adds a new layer to the already eccentric world of cryptocurrency pioneers.</p>
<h2 class="wp-block-heading" id="h-sbf-had-an-ambitious-plan-before-the-fall-of-ftx">SBF had an ambitious plan before the fall of FTX</h2>
<p>Before the downfall of the FTX exchange, Sam Bankman-Fried had an ambitious plan – to acquire Nauru Island. The motivation behind this move was rooted in security concerns, with Bankman-Fried anticipating a collapse of human civilization in the near future.</p>
<p>Court filings from a federal bankruptcy court in Delaware, dated late July, revealed that the island acquisition was intended as a survival strategy for both FTX and Alameda Research, Bankman-Fried’s trading firm, along with their respective staff.</p>
<p>The detailed memo, authored by SBF’s brother, Gabriel Bankman-Fried, outlined a comprehensive plan. The goal was to establish a bunker or shelter on Nauru Island to protect against potential catastrophic events such as massive fires or floods.</p>
<p>This bunker, conceived with members of the effective altruism movement in mind, was not just a mere refuge but a potential hub for scientific endeavors. Bankman-Fried envisioned creating a lab and implementing “sensible regulation around human genetic enhancement” in the aftermath of a major disaster.</p>
<p>However, ethical concerns emerge as the founder of FTX faces accusations of defrauding customers of approximately $8 billion in cryptocurrencies held on the platform.&nbsp;</p>

Dogecoin Co-Founder Exposes Startling Island Acquisition Plan by SBF

Table of Contents

TheNewsCrypto

Other articles published on Dec 5, 2023

Terra Luna Classic Proposal Passes Despite Concerns, LUNC Falls 10% USTC 15%

PS5 owners brace for Resident Evil 4 remake VR update

FTT’s Struggle to Break Above $5 Signals Potential Market Top

SafeAuth Teams Up With Web3Auth To Build Social Logins Into Blockchain Applications

The Flow Horse: Pendle is on the Rise and Capital is Flowing into Ethereum

Best Crypto to Buy Now December 5 – Stacks, Conflux, Kucoin

Join our free newsletter for daily crypto updates!