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Singapore-based fund Foresight Ventures has acquired a majority stake in crypto news provider The Block at a valuation of $70 million. The acquisition aims to disassociate the company from its former CEO, who received a large secret loan from FTX Group. Meanwhile, a former FTX employee is seeking the remaining $275,000 of his 2022 bonus amid the company's bankruptcy proceedings. The developments come in the aftermath of the conviction of Sam Bankman-Fried, the former CEO of FTX, on seven charges of fraud.
FTX worker recruited by fraudster Sam Bankman-Fried for its charitable giving sues for his $275,000 bonus after being forced to deny he aided and abetted the disgraced crypto exchange founder's wrongdoing https://t.co/UK9Lm3kpsX https://t.co/joJV2RQFAL
EXCLUSIVE: Crypto World Pivots Beyond Bankman-Fried Era In Wake Of FTX Scandal. @BrettHarrison88 highlights crucial accountability in #FTX fraud, separating blockchain from human greed. #BZFODA https://t.co/NOwLmCjWsa
EXCLUSIVE: Crypto World Pivots Beyond Bankman-Fried Era In Wake Of FTX Scandal. @BrettHarrison88 highlights crucial accountability in #FTX fraud, separating blockchain from human greed. https://t.co/4cOs65u5y1
A Former FTX Exec is Launching a New Crypto Exchange https://t.co/xbGUP3Yu6r
Ross Rheingans-Yoo, an FTX charity wing employee recruited by co-founder Sam Bankman-Fried, is seeking the remaining $275,000 of his alleged 2022 salary bonus https://t.co/PSfpPV3SsV
📣 Latest News: FTX Foundation staffer fights for $275K bonus promised by SBF #news #cryptonews #crypto
As FTX continues to navigate its way through bankruptcy, a former FTX Foundation employee claims he hasn’t been paid the remainder of his salary bonus worth $275,000. https://t.co/H6ftN0TT3e
FTX Employee Recruited by Sam Bankman-Fried Wants $275,000 Bonus https://t.co/oTNMS4itEZ
A former Jane Street trader recruited by Sam Bankman-Fried to assist in FTX’s charitable giving is fighting to get the rest of his 2022 bonus https://t.co/GcZnV35PnD
A former Jane Street trader recruited by Sam Bankman-Fried to assist in FTX’s charitable giving is fighting to get the rest of his 2022 bonus https://t.co/ujHoQ8uJxO
FTX EMPLOYEE RECRUITED BY SAM BANKMAN-FRIED WANTS $275,000 BONUS A former Jane Street trader recruited by Sam Bankman-Fried to assist in FTX’s charitable giving is fighting to get the rest of his 2022 bonus while denying that he had any knowledge of the fallen crypto mogul’s… https://t.co/ERCJ1WCs9y
A former Jane Street trader recruited by Sam Bankman-Fried to assist in FTX’s charitable giving is fighting to get the rest of his 2022 bonus https://t.co/8ZWaSmdadr
Two former colleagues of recently convicted Sam Bankman-Fried at FTX are building a new crypto exchange just days after their former CEO was found guilty on seven charges of fraud. @HeleneBraunn reports https://t.co/P0JX9QAYWK
The Block sold to Foresight Ventures in deal worth $70mn https://t.co/ED6whtO06V
A Singapore-based investor is taking a majority stake in crypto news publication The Block, which is seeking to rid itself of any association with an ex-CEO who accepted loans from Sam Bankman-Fried https://t.co/j9Gu5Ya6Ef
A Singapore-based investor is taking a majority stake in crypto news publication The Block, which is seeking to rid itself of any association with an ex-CEO who accepted loans from Sam Bankman-Fried https://t.co/8XkCTMULjo
A Singapore-based investor is taking a majority stake in crypto news publication The Block, which is seeking to rid itself of any association with an ex-CEO who accepted loans from Sam Bankman-Fried https://t.co/9woPAzgygR
Crypto news and data provider @TheBlock__ today said Singapore-based fund Foresight Ventures had completed an acquisition of the majority of its shares. The raise was completed at a $70 million valuation. By @shauryamalwa and @oliverknight https://t.co/ckDElZuP3Y
Bitget exchange’s VC Foresight Ventures acquired a majority stake in The Block from former CEO Michael McCaffrey in a deal that valued the company at $70 million, according to Bloomberg. The original CEO was required to repay a large secret loan from FTX Group.… https://t.co/3fCiMXvINp
NEW: The Block valued at $70M in Foresight Ventures deal https://t.co/CsTpfuMHa0