In a Dec. 9 announcement, Moran said McCaffrey had made an executive decision to restructure The Block in 2021 which involved a two loans totaling $27 million from Alameda Research — a hedge fund part of former CEO Sam Bankman-Fried’s FTX Group. Axios reported there was also a third $16-million loan in 2022 that McCaffrey used to purchase property in the Bahamas.
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Source: Cryptocurrency - investing.com
