CEO accuses Bloomberg of ‘breaching embargo’ agreement on article


The fifth largest cryptocurrency by market cap, EOS, had posted significant rallies along with the king coin. As the new month dawned, the crypto space woke up to the news of the firm behind EOS,, announcing the launch of its own crypto-based social-media application dubbed Voice.

The much-anticipated project was hinted by the team who touted a big launch on June 1, 2019. However, the news was first reported by Bloomberg. In a surprising turn of events, Brenden Blumer,’s CEO and Co-founder, accused the popular news portal of publishing the article before the scheduled B1June event.

Blumer’s tweet read,

“We’ve had a lot of questions from our community and other media outlets as to why @Bloomberg reported on Voice before our #B1June event. Bloomberg breached an embargo agreed to in writing by Alastair Marsh, acknowledged the breach, but still refused to take down the article.”

Following this, a Twitter user claimed Alastair Marsh, the co-author of the article, to be a “Facebook maximalist” directing to a tweet by the journalist where he stated that Facebook’s native crypto coin had a “real chance of being larger and more widely used than BTC”. Responding to the tweet, Blumer posted,

“I’m curious as to what conflict and @crypto trading policies are in place at @bloomberg to prevent journalists leveraging their position to manipulate cryptocurrency markets”

The CEO also expressed his thoughts on Bloomberg’s “abuse of power”. He further tweeted,

“We’re committed to standing up for this ongoing abuse of power on behalf of our company, community, and others similarly wronged. Email us at [email protected] if you’ve had similar issues with Bloomberg journalists breaking written agreements or manipulating markets.”

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