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Prometheum Sues Critic Amid "Sweetheart Deal" Accusations Prometheum’s defamation suit against Matthew Blumberg isn’t just noise - it’s a case worth watching. Blumberg accused the firm of getting an unfair edge with its special-purpose broker-dealer (SPBD) license, a title no… https://t.co/53jbqB5Lho
Prometheum Throws Lawsuit Heat Over X Critic’s “Sweetheart Deal” Claims Prometheum just came for crypto commentator Matthew Blumberg, filing a defamation suit after he accused them of running “an illegal unregistered commodities exchange” and cozying up to the SEC. Blumberg’s… https://t.co/jIGiDABrab
the absolute temerity of calling your company 'prometheum' when you literally provide zero technological product and your sole differentiator is legal engineering and regulatory capture https://t.co/wPhcdhnoW3
Prometheum, a cryptocurrency firm, has filed a defamation lawsuit against Matthew Blumberg, a crypto commentator, following his accusations that the company operates an illegal unregistered commodities exchange and has engaged in regulatory favoritism with the SEC. The lawsuit has drawn criticism for targeting an individual over a social media post, with various commentators expressing concern about the misuse of legal resources. Blumberg's allegations suggest that Prometheum has benefited from a special-purpose broker-dealer license, raising questions about the legitimacy of its business practices. The case is being closely monitored by observers in the crypto community, who see it as a significant example of how powerful entities may attempt to silence dissenting voices.
