Newsletter
CoinSharks
  • Bitcoin
  • Ethereum
  • Altcoins
  • Nasdaq
  • NYSE
  • Regulation
  • Shark School
  • Premium Services
No Result
View All Result
  • Bitcoin
  • Ethereum
  • Altcoins
  • Nasdaq
  • NYSE
  • Regulation
  • Shark School
  • Premium Services
No Result
View All Result
CoinSharks
No Result
View All Result
Home News

The Block, a cryptocurrency news website, hires new CEO and downsizes staff in response to disclosed connections with SBF

Tom "The Tiger" by Tom "The Tiger"
April 3, 2023
in News
0
The Block, a cryptocurrency news website, hires new CEO and downsizes staff in response to disclosed connections with SBF
389
SHARES
1.8k
VIEWS
Share on FacebookShare on Twitter

The Block, a cryptocurrency and blockchain news website, has reportedly laid off about 33% of its staff, including interim CEO Bobby Moran, to stabilize the platform after receiving loans from Sam Bankman-Fried, the former FTX and Alameda Research founder. Larry Cermak, vice president of research, has been appointed as the new CEO after Bobby Moran.

The change in leadership follows reports that former CEO Mike McCaffrey financed the platform through loans from Alameda Research. In December 2022, Moran disclosed that McCaffrey had used two loans totaling $27 million from Alameda in 2021 to restructure the crypto news site. McCaffrey’s failure to disclose the loans led to his resignation as CEO. The Block’s editor-at-large Frank Chaparro has lauded Cermak’s advancement to CEO, saying the site was “returning to our crypto native roots.”

Related articles

US district judge refers FTX independent examiner issue to appellate court

US district judge refers FTX independent examiner issue to appellate court

May 31, 2023
Class-Action Lawsuit Filed Against Bancor DAO for Alleged Failure to Deliver on Impermanent Loss Protection Promises

U.S. prosecutors state that if the Bahamas raises objections, certain SBF charges will be dropped

May 31, 2023
Share156Tweet97

Related Posts

US district judge refers FTX independent examiner issue to appellate court

US district judge refers FTX independent examiner issue to appellate court

by The Megalodon
May 31, 2023

A motion for the appointment of an independent examiner in the bankruptcy case of crypto exchange FTX has been referred...

Class-Action Lawsuit Filed Against Bancor DAO for Alleged Failure to Deliver on Impermanent Loss Protection Promises

U.S. prosecutors state that if the Bahamas raises objections, certain SBF charges will be dropped

by The Megalodon
May 31, 2023

According to a filing in the U.S. District Court for the Southern District of New York, some of the charges...

Bybit cryptocurrency exchange withdraws from Canada due to ‘recent regulatory changes’

Bybit cryptocurrency exchange withdraws from Canada due to ‘recent regulatory changes’

by The Megalodon
May 31, 2023

Dubai-based cryptocurrency exchange Bybit has revealed its decision to halt operations in Canada due to recent regulatory developments. The exchange...

AI Experts Issue Document Comparing the Risk of ‘Extinction from AI’ to Pandemics and Nuclear War

AI Experts Issue Document Comparing the Risk of ‘Extinction from AI’ to Pandemics and Nuclear War

by The Megalodon
May 31, 2023

An open statement published by the Center for AI Safety (CAIS) has garnered signatures from numerous AI experts, including the...

Competing regulatory bills take center stage in US House stablecoin hearing

US CFTC Releases Letter Addressing Compliance in Three Areas of Digital Asset Derivatives and Clearing

by The Megalodon
May 31, 2023

The United States Commodity Futures Trading Commission (CFTC) has issued a staff advisory letter to registered derivatives clearing organizations (DCOs)...

Load More
  • Trending
  • Comments
  • Latest
President Biden Proposes Phased-In 30% Tax on Cryptocurrency Mining Electricity Usage

President Biden Proposes Phased-In 30% Tax on Cryptocurrency Mining Electricity Usage

March 15, 2023
Kaspersky reports a 40% increase in crypto phishing attacks within a year

Kaspersky reports a 40% increase in crypto phishing attacks within a year

April 17, 2023
Breaking Barriers: Women in Web3 Leading the Charge for Diversity and Inclusion

Breaking Barriers: Women in Web3 Leading the Charge for Diversity and Inclusion

March 15, 2023
Goldman Sachs Identifies Two High-Yield Dividend Stocks Yielding Up to 10%

Goldman Sachs Identifies Two High-Yield Dividend Stocks Yielding Up to 10%

April 24, 2023
Protecting Your Crypto: The Importance of AML Frameworks in Web3

Protecting Your Crypto: The Importance of AML Frameworks in Web3

President Biden Proposes Phased-In 30% Tax on Cryptocurrency Mining Electricity Usage

President Biden Proposes Phased-In 30% Tax on Cryptocurrency Mining Electricity Usage

Explaining the Reasons for the Recent Downturn in Ethereum (ETH) Price: A Macro Analysis

Explaining the Reasons for the Recent Downturn in Ethereum (ETH) Price: A Macro Analysis

Breaking Barriers: Women in Web3 Leading the Charge for Diversity and Inclusion

Breaking Barriers: Women in Web3 Leading the Charge for Diversity and Inclusion

US district judge refers FTX independent examiner issue to appellate court

US district judge refers FTX independent examiner issue to appellate court

May 31, 2023
Class-Action Lawsuit Filed Against Bancor DAO for Alleged Failure to Deliver on Impermanent Loss Protection Promises

U.S. prosecutors state that if the Bahamas raises objections, certain SBF charges will be dropped

May 31, 2023
Bybit cryptocurrency exchange withdraws from Canada due to ‘recent regulatory changes’

Bybit cryptocurrency exchange withdraws from Canada due to ‘recent regulatory changes’

May 31, 2023
AI Experts Issue Document Comparing the Risk of ‘Extinction from AI’ to Pandemics and Nuclear War

AI Experts Issue Document Comparing the Risk of ‘Extinction from AI’ to Pandemics and Nuclear War

May 31, 2023
  • Premium Services
  • Terms of Service
  • Privacy Policy

All Rights Reserved. CoinSharks.

No Result
View All Result
  • Bitcoin
  • Ethereum
  • Altcoins
  • Nasdaq
  • NYSE
  • Regulation
  • Shark School
  • Premium Services

All Rights Reserved. CoinSharks.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.