Mike McCaffrey announces he is stepping down as The Block CEO. In a Twitter thread, he admits secretly receiving $27 million in investments from the infamous Sam Bankman-Fried.

McCaffrey revealed that the publication he led as a CEO since 2020 had received two major investments from SBF. In 2021, a $12 million tranche came, and in early 2022, an additional $15 million was received, according to a Tweet by McCaffrey:
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https://twitter.com/McCaffrMike/status/1601304760174669825?s=20&t=uc62DBL3aBtKLzV8XSsQXw
- McCaffrMike

The Block CEO steps down after failing to disclose publication was funded by SBF

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