On Dec. 9, 2022, Axios reporter Sara Fischer reported on the CEO of the crypto media The Block after it was discovered that the chief executive was secretly funded by Alameda Research, the now-defunct trading firm co-founded by Sam Bankman-Fried. According to the report, sources say The Block executive Michael McCaffrey received $16 million in one payment and used the funds to purchase an apartment in the Bahamas.
The Block CEO Received 3 Payments of $43 Million From Alameda Research, One Payment Used to Purchase an Apartment in the Bahamas
The Twitter community has been discussing a new revelation that is tied to the disgraced FTX co-founder Sam Bankman-Fried (SBF) and his quantitive trading firm Alameda Research. Reportedly, The Block was funded by Alameda for more than a year, and “one $16 million batch of funding” went toward an apartment in the Bahamas.
The news was reported on by the Axios reporter Sara Fischer on Dec. 9, 2022, and the reporter noted that The Block employees
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