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The Block Has Been De Facto Wholly Owned by SBF for Years, Says Three Arrows Capital Co-founder

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Three Arrows Capital co-founder Su Zhu said on Twitter that crypto media site The Block "has been de facto wholly owned by SBF for years" and the entire editorial direction of The Block was run by SBF.

In addition, Su Zhu stated that the CEO of The Block Mike McCaffrey has been bribed massively. 

In an earlier report, Mike McCaffrey resigned immediately after his $43 million in personal loans from Alameda Research was disclosed. He will also step down from The Block's board.

Read full tread:

The idea that the CEO of the Block has been bribed massively, that the company has been de facto wholly owned by SBF for years now, yet the underlying reporting was solid, is mindboggling.

SBF was solo source for many of their "scoops." He ran the entire editorial direction.

Larry has "lots of funds stuck on FTX," tweets about actively trading on news and exch listings, while having zero disclosures on those.

Steven has "angel investor" in his profile while having zero disclosures on those.

Frank's podcast was literally sponsored by FTX.

The broader Research team is excellent and I'm sure they will find greener pastures.

I tweeted that Frank is unequivocally a good person but someone has DMed me some stuff and I have now deleted that tweet.

Will reserve judgment on it for now.

Three Arrows Capital FTX Alameda Research
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