The Block CEO Resigns After Failure to Reveal Loans from SBF’s Alameda

The Block CEO Michael McCaffrey has tendered his resignation after not reporting a slew of loans from Sam Bankman-Fried’s Alameda Research, the accused former leader of FTX. He was the sole individual at the firm who knew about the funding. Bobby Moran to Replace McCaffery After The Block CEO Tenders Resignation According to a statement from the firm, Bobby Moran, the chief revenue officer of The Block, will take over as CEO simultaneously. In a declaration, Moran said that aside from Mike, no one at The Block had any information about this financial agreement. He further stated that the Block The post The Block CEO Resigns After Failure to Reveal Loans from SBF’s Alameda appeared first on Cryptoknowmics-Crypto News and Media Platform .