In what organisation is the CEO the only person aware of loans? Surely the CRO should have been aware? Where is the Board culpability in this?

"The Block Chief Executive Officer Michael McCaffrey resigned after failing to disclose a series of loans from disgraced former FTX head Sam Bankman-Fried’s Alameda Research. He was the only person with knowledge of the funding at the company."

source: https://www.theblock.co/post/193753/the-block-ceo-resigns-after-failure-to-disclose-loans-from-bankman-frieds-alameda

#TheBlock #Alameda #MichaelMcCaffrey #Crypto #loan