‘The Block’ CEO Steps Down Following Revelations of Secret SBF Funding

Mike McAffrey – CEO of The Block – has accepted millions of dollars in undisclosed funding from disgraced FTX boss Sam Bankman-Fried. The former billionaire’s aid was split across three loans – each for $12 million, $15 million, and $16 million. The first loan, received in April 2021 through a holding company MJMCCAFFREY, was used by McAffrey to lead a buyout and restructuring of the crypto media site.  The next was accepted in January 2022 by another LLC, “Lonely Road,”…