Crypto Markets Today: Exposed Alameda Research Loans to Media Site The Block and Its CEO Adds to FTX’s Miseries

Alameda Research secretly funded crypto media site The Block and its CEO. Sam Bankman-Fried will testify before the U.S. House Financial Committee. $BTC clung to $17K, trading about flat over the past 24 hours. _jocelynyang_ reports

after the loans came to light. He will also step down from The Block's board.except for McCaffrey, according to the company.for a total of $43 million from 2021 through this year, The Block confirmed.effective immediately, according to the report.

the newsroom or research teams, particularly in their coverage of SBF, FTX and Alameda Research,” Moran said in a statement., said in a tweet that he was"gutted by this news,” which was briefed to the company Friday afternoon, adding that McCaffrey"kept every single one of us in the dark."

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