Fischer reports, “The payments, which employees of The Block were previously unaware of, could undermine the news company’s credibility and cast doubt on its coverage of Bankman-Fried, the now-bankrupt FTX and Alameda Research, Bankman-Fried’s trading firm.
“One $16 million batch of funding from Alameda was used in part to finance the purchase of an apartment in the Bahamas for Block CEO Michael McCaffrey, according to sources familiar with the transactions.
“Driving the news: McCaffrey has resigned as CEO and is leaving the company, The Block’s chief revenue officer Bobby Moran confirmed to Axios on Friday. McCaffrey is also stepping down from its board.”
Read more here.
Mark Seibel, The Washington Post’s technology policy editor, is retiring. Seibel supervised coverage of technology,…
Unionized journalists behind The New York Times’s Wirecutter have unanimously approved a new three-year contract.…
Chase Rogers, who covers transportation for the Austin American-Statesman, is moving to the Dallas Morning…
Studies show a negative bias in U.S. coverage of the economy and gas prices, particularly…
Bloomberg Law has hired Aruni Soni to cover intellectual property law. She most recently has been a…
Robert Libetti, an executive producer for The Wall Street Journal where he leads video…