Cryptocurrency news site The Block was allegedly funded by Sam Bankman-Fried, the former CEO of FTX.
According to the news of Axios, The Block, known as an independent news organization, was financed by SBF. The Block CEO, Michael McCaffrey, allegedly took a loan from Alameda Research without the knowledge of the company’s employees.
Following the news, McCaffrey announced that he was resigning.
Details are coming…
