Crypto media web site The Block (a competitor to CoinDesk) was secretly funded over the past 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.
After a turbulent few days, Bitcoin (BTC) has resumed its downtrend, at the moment retracing towards $111,000. This marks a...
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