Su Zhu Denunciates The Block Always Fully Owned By SBF

Amid accusations of a complicated relationship between SBF and The Block being uncovered, 3AC co-founder Su Zhu denounced The Block as always owned and completely under the direction of former FTX executives.

As updated in an earlier Coincu News article, the rumor of SBF, the founder of the empire that has collapsed FTX for over a year now, has been secretly sponsoring a crypto media fund The Block company through funds sent to its chief executive officer, Michael McCaffrey.

On December 10, Zhu Su, co-founder of Three Arrows Capital, tweeted that The Block has always been wholly owned by SBF.

He emphasized that the SBF is the sole source of much of their proprietary news, and that the SBF is responsible for directing control of the entire news editor.

Zhu Su added that Larry Cermak, vice president of The Block, has a lot of money stuck on FTX. He often tweets about trading news and listings on the trading platform, but he never mentioned this incident.

The 3AC co-founder believes that The Block will get rid of Michael McCaffrey and SBF These things will have a better research and development direction after the fact. Also, the podcast by The Block’s news director Frank Chaparro is also sponsored by FTX, but he doesn’t think Frank has a problem, he says most of the team is excellent.

As previously reported, the CEO of The Block has resigned for failing to disclose a $43 million loan for various purposes he received from Alameda Research.

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