Lucy Jane 
Billy Markus is recognized as a co-founder of the popular caricature cryptocurrency, Dogecoin, which he and Jackson Palmer developed and released in 2013 as a parody of the dominant digital currency, Bitcoin.
Currently, Markus is a frequent user of X and a close friend of Elon Musk on the same social media platform; Palmer, on the other hand, posts criticisms of the Tesla CEO in his tweets.
Markus has taken to Twitter to reveal a peculiar and possibly unsettling fact regarding Sam Bankman-Fried, the proprietor of the defunct cryptocurrency exchange FTX.
SBF intended to acquire an island, endure the cataclysm, and “sensibly” advance humanity genetically. Before the demise of his FTX exchange, which he had conceived, the young crypto magnate Sam Bankman-Fried had every intention of purchasing Nauri Island, which was inhabited by an entire nation.
Motivated by security concerns, he did so because SBF foresaw the imminent collapse of human civilization. However, he was incapable of forecasting the demise of FTX.
Late July court documents filed in a federal bankruptcy court in Delaware indicate that the acquisition of the island was thus his strategy to ensure the survival of FTX, his trading firm Alameda Research, and their employees.
The memo, authored by Gabriel Bankman-Fried, the brother of SBF and a former high-ranking official at the FTX Foundation, states that the intention was to procure the island of Nauru and construct a “bunker/shelter” in anticipation of a catastrophe (e.g., a catastrophic fire or flood) that would decimate a substantial portion of the population.
The intentional occupants of that shelter were individuals affiliated with the effective altruism movement.
The SBF-led survivors in that bunker aspired to establish “sensible regulation regarding human genetic enhancement” and potentially establish a laboratory.
Nauri, the smallest island state globally, has been the site of money-laundering operations throughout its history.
Therefore, the specific location selected for the “bunker” of the SBF imparts an element of fascination to this narrative.
Bankman-Fried, as per the court documents, faced allegations of defrauding FTX clients out of approximately $8 billion worth of cryptocurrencies that were stored in the wallets of the platform.
Therefore, SBF’s actions appear to contradict the notion of effective altruism, which proposes that a collective amass wealth to aid the disadvantaged.
Furthermore, his survival strategy raises ethical doubts and questions about whether he genuinely intended to amass a substantial fortune to assist the less fortunate.
John Deaton, founder of Crypto-Law.US and outspoken proponent of Ripple, is an ardent SBF detractor. He recently tweeted that “cryptocurrency is once again in full motion.”
Bankman-Friend would have been able to save his business and evade incarceration, according to Deaton, had he not initiated insolvency proceedings for FTX and succeeded in procuring sufficient funds (or contributing his own) to “stop the bleeding” of the FTX platform.
