Crypto news site The Block gets new CEO and reported staff layoffs following admitted ties to SBF By Cointelegraph
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Larry Cermak, vice president of research at The Block, has announced that he will be taking the reins at the crypto and blockchain news website from interim chief executive officer Bobby Moran — the second change in leadership since reports surfaced that former CEO Mike McCaffrey financed the platform through loans from Alameda Research.
In a March 31 tweet, Cermak said he would be stepping up as CEO after roughly five years at the crypto news site. Axios also reported that The Block laid off roughly 33% of its staff — including Moran — in an effort to stabilize the platform following the controversial loans it received from former FTX and Alameda Research founder Sam Bankman-Fried.
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Larry Cermak, vice president of research at The Block, has announced that he will be taking the reins at the crypto and blockchain news website from interim chief executive officer Bobby Moran — the second change in leadership since reports surfaced that former CEO Mike McCaffrey financed the platform through loans from Alameda Research.
In a March 31 tweet, Cermak said he would be stepping up as CEO after roughly five years at the crypto news site. Axios also reported that The Block laid off roughly 33% of its staff — including Moran — in an effort to stabilize the platform following the controversial loans it received from former FTX and Alameda Research founder Sam Bankman-Fried.
Continue Reading on Coin Telegraph
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