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[Yugocean]

The Block's CEO, Michael McCaffrey, has been forced to resign after an independent crypto news agency Axios revealed that "The Block" received secret funding from Sam Bankman-Fried's Hegde fund firm, Alameda Research.

SBF was funding 'The Block' and the agency was also painting SBF in a hero (just like a presstitute), but Block CEO McCaffrey took $16 million out of received $27 million to buy an apartment in the Bahamas.

This expose has exposed the cunningness of Media.

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[magnus2022]

It is unfortunate that such a great CEO soiled his name like this. He deserved to vacate his seat and should also vomit the money he swallowed. I am impressed by the investigative journalism of AXIOS. A big thumb up for the media house.

 

[Yugocean]

It is unfortunate that such a great CEO soiled his name like this. He deserved to vacate his seat and should also vomit the money he swallowed. I am impressed by the investigative journalism of AXIOS. A big thumb up for the media house.

Actually now the Block is in the soup, McCaffrey only took a portion of money, but Block accepted money form SBF which is people's money, so now all posts by this platform are under suspicions.

 

[Horia_10]

That's what he did with celebrity and brands endorsements if the exchange had not collapsed he would had been piling and making more money so that is why the influence of money is used always by such people to make big money

 

[Yugocean]

That's what he did with celebrity and brands endorsements if the exchange had not collapsed he would had been piling and making more money so that is why the influence of money is used always by such people to make big money

Ofcourse this happens, but you cannot rule out if fraud will remain a white business. There are more possibilities now, we just have to wait. Sam isn't going Scott free, or he might live in luxury till his money runs out.

 

[Horia_10]

That's right the influence of power and wealth makes a person lazy and do wonderful enough and scratching head type of things for others So all might be confused but such people always have plans to execute actually .

 

[GoldenLady]

SBF really messed up with his actions, whether they were deliberate or not. Sadly, this has had a ripple effect in the entire cryptocurrency market and a lot of firms would have to close.

Perhaps, regulation would be the way out for cryptocurrency to avoid all these.

 

[Yugocean]

Sam is in jail after arrest by Bahamas authorities. He will remain there till February, this will make him escape US house committee where he have to tell about the scam, so his arrest could be made up.

 

[btaliat]

Imagine the amount he was alleged taken from the whole money. Almost all the money! It is ******* clear that most of the people that we see as our role models all have skeleton in their cupboard. With all these, he was still forced to resign instead of voluntary retirement.

 

[Yugocean]

There is no more news about Michael McCaffrey after his resignation, he is enjoying his retirement. The Block is also showing no news, and people also seems to be forgetting everything.

 

[BullyMaguire]

there's so much more behind these collapse that happened last year. so many people involved behind the curtain. like this if he's not guilty why not give a statement regarding this matter. wonder if they planned this right from the start because it's possible bankman has received help from these people and he just payed them for their help