/
Navigation
C
Chronicles
Browse all articles
C
E
Explore
Semantic exploration
E
R
Research
Entity momentum
R
N
Nexus
Correlations & relationships
N
~
Story Arc
Topic evolution
S
↻
Drift Map
Semantic trajectory animation
D
P
Posts
Analysis & commentary
P
Browse
@
Entities
Companies, people, products, technologies
◇
Domains
Browse by publication source
☉
Handles
Browse by social media handle
Detection
?
Concept Search
Semantic similarity search
!
High Impact Stories
Top coverage by position
+
Sentiment Analysis
Positive/negative coverage
*
Anomaly Detection
Unusual coverage patterns
Analysis
vs
Rivalry Report
Compare two entities head-to-head
/\
Semantic Pivots
Narrative discontinuities
!!
Crisis Response
Event recovery patterns
Connected
Nav: C E R N
Search: /
Command: ⌘K
Embeddings: large
VOICE ARCHIVE

Mike McCaffrey

@mccaffrmike
12 posts
2022-12-11
6/ I never attempted to influence coverage of FTX, Alameda or SBF. Nevertheless, my decisions undermine the credibility of The Block - and the talented people who work non-stop to cover this complicated and evolving industry.
2022-12-11 View on X
Axios

Sources: Alameda secretly loaned $43M to LLCs tied to The Block CEO Michael McCaffrey, used in part to buy and run the crypto news site; McCaffrey resigns

The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …

View original
1/ I have difficult news to share. I'm stepping down as The Block's CEO. While it's personally painful, it's the right thing for The Block and the team.
2022-12-11 View on X
Axios

Sources: Alameda secretly loaned $43M to LLCs tied to The Block CEO Michael McCaffrey, used in part to buy and run the crypto news site; McCaffrey resigns

The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …

View original
2/ In early 2021, The Block was in a precarious place, and I was evaluating whether to sell, merge or restructure. The only option that materialized was to restructure when I was able to obtain a $12 million loan for my holding company from SBF in Feb of 2021.
2022-12-11 View on X
Axios

Sources: Alameda secretly loaned $43M to LLCs tied to The Block CEO Michael McCaffrey, used in part to buy and run the crypto news site; McCaffrey resigns

The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …

View original
7/ I apologize to my teammates at The Block. I am truly sorry for the lack of judgment. I have full confidence in the team to continue what they do best - delivering clear-eyed research and news in a space that now needs it more than ever.
2022-12-11 View on X
Axios

Sources: Alameda secretly loaned $43M to LLCs tied to The Block CEO Michael McCaffrey, used in part to buy and run the crypto news site; McCaffrey resigns

The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …

View original
4/ I didn't disclose the loan to anyone. Absolutely no one at The Block knew about the financial arrangement between my holding company and SBF, including the editorial and the research teams.
2022-12-11 View on X
Axios

Sources: Alameda secretly loaned $43M to LLCs tied to The Block CEO Michael McCaffrey, used in part to buy and run the crypto news site; McCaffrey resigns

The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …

View original
5/ My rationale - undoubtedly poor judgment in hindsight - was that knowledge of the loan might be seen to compromise the objectivity of their coverage of SBF and his related entities.
2022-12-11 View on X
Axios

Sources: Alameda secretly loaned $43M to LLCs tied to The Block CEO Michael McCaffrey, used in part to buy and run the crypto news site; McCaffrey resigns

The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …

View original
2022-12-10
1/ I have difficult news to share. I'm stepping down as The Block's CEO. While it's personally painful, it's the right thing for The Block and the team.
2022-12-10 View on X
Axios

Sources: LLCs tied to the CEO of crypto news site The Block secretly received $43M in Alameda loans, used in part to buy and run the site; CEO has now resigned

The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …

View original
2/ In early 2021, The Block was in a precarious place, and I was evaluating whether to sell, merge or restructure. The only option that materialized was to restructure when I was able to obtain a $12 million loan for my holding company from SBF in Feb of 2021.
2022-12-10 View on X
Axios

Sources: LLCs tied to the CEO of crypto news site The Block secretly received $43M in Alameda loans, used in part to buy and run the site; CEO has now resigned

The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …

View original
4/ I didn't disclose the loan to anyone. Absolutely no one at The Block knew about the financial arrangement between my holding company and SBF, including the editorial and the research teams.
2022-12-10 View on X
Axios

Sources: LLCs tied to the CEO of crypto news site The Block secretly received $43M in Alameda loans, used in part to buy and run the site; CEO has now resigned

The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …

View original
7/ I apologize to my teammates at The Block. I am truly sorry for the lack of judgment. I have full confidence in the team to continue what they do best - delivering clear-eyed research and news in a space that now needs it more than ever.
2022-12-10 View on X
Axios

Sources: LLCs tied to the CEO of crypto news site The Block secretly received $43M in Alameda loans, used in part to buy and run the site; CEO has now resigned

The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …

View original
6/ I never attempted to influence coverage of FTX, Alameda or SBF. Nevertheless, my decisions undermine the credibility of The Block - and the talented people who work non-stop to cover this complicated and evolving industry.
2022-12-10 View on X
Axios

Sources: LLCs tied to the CEO of crypto news site The Block secretly received $43M in Alameda loans, used in part to buy and run the site; CEO has now resigned

The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …

View original
5/ My rationale - undoubtedly poor judgment in hindsight - was that knowledge of the loan might be seen to compromise the objectivity of their coverage of SBF and his related entities.
2022-12-10 View on X
Axios

Sources: LLCs tied to the CEO of crypto news site The Block secretly received $43M in Alameda loans, used in part to buy and run the site; CEO has now resigned

The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …

View original