Crypto media website The Block (a competitor to CoinDesk) was secretly funded during the last two years by Sam Bankman-Fried’s Alameda Analysis. The Block’s CEO, Michael McCaffrey, instantly resigned after the loans got here to mild, and also will step down from The Block’s board. McCaffrey acquired three loans for a complete of $43 million. The primary mortgage was for $12 million in 2021 the second was for $15 million in January and the third was for $16 million.
