Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley DreamsRead more

Briefing
crypto

Sam Bankman-Fried Secretly Funded The Block Through Loans to CEO

By
Aidan Ryan
· · Source: Axios

Former FTX CEO Sam Bankman-Fried secretly funded the cryptocurrency news outlet The Block by loaning money to its former CEO Michael McCaffrey, Axios reported on Friday, a shocking revelation that raises questions about the outlet’s independence to report on FTX and Bankman-Fried. McCaffrey received three loans from Alameda Research, the first of which was a $12 million loan in April 2021 used...

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