Sam Bankman-Fried, former CEO of failed crypto exchange FTX, loaned $27 million to Michael McCaffrey, the CEO of crypto publication The Block, to help it stay afloat, according to a Medium post from the site’s chief revenue officer, Bobby Moran. Bankman-Fried also loaned McCaffery $16 million, some of which helped him purchase property in the Bahamas, where FTX is headquartered, according to Axios, which broke the story.
McCaffrey is stepping down from his position today and will be…
