EOS community expose allegations against Brendan Blumer and B1 for stealing over 160,000 BTC. We urge the U.S. government to investigate and confiscate these assets, and willing to donate the full amount to you. #BitcoinReserve#b1@realDonaldTrump@elonmusk@DOGE@DavidSacks
EOS community expose allegations against Brendan Blumer and B1 for stealing over 160,000 BTC. We urge the U.S. government to investigate and confiscate these assets, and willing to donate the full amount to you. #BitcoinReserve#b1@realDonaldTrump@elonmusk@DOGE@DavidSacks
After the EOS crowd sale in 2017 @BlockOneGlobal In its first year transferred 1 trillion, 640,000 BTC and 2000 million EOS to Bullish, completing the acquisition of 3 trillion blockchain assets. Bullish raised a total of approximately 2 billion in the series and PIPE financing rounds.
This is EOS investor money and they are still waiting for the promised $1 billion after 8 long years later!!
When are we getting this back @BrendanBlumer@bytemaster7 ??
Investors include Peter Thiel's Thiel Capital and Founders Fund, Alan Howard, Louis Bacon, Richard Li (李泽楷), Christian Angermayer's Apeiron Investment Group, Galaxy Digital, and other strategic investors.
@realDonaldTrump EOS community expose allegations against Brendan Blumer and B1 for stealing over 160,000 BTC. We urge the U.S. government to investigate and confiscate these assets, and willing to donate the full amount to you.
#BitcoinDonation#b1
@realDonaldTrump@elonmusk@DOGE@DavidSacks
The Rise and Fall of EOS: A Blockchain Betrayal
In 2017, the crypto world was buzzing with excitement. A new blockchain called EOS promised to revolutionize the industry. Backed by a company called https://t.co/5Oa96k5htj, or B1, it launched the biggest Initial Coin Offering in history. But what started as a dream for investors turned into a nightmare of broken promises.
The ICO Boom
https://t.co/5Oa96k5htj founders Brendan Blumer and Dan Larimer From June 2017 to June 2018, raised a staggering $4.1 billion by selling EOS tokens. Marketed as 'Ethereum on Steroids,' EOS promised lightning-fast transactions and a scalable platform for decentralized apps. Investors poured in Ether, captivated by the vision. It was a record-breaking ICO—an unprecedented haul in the Wild West of crypto crowdfunding."
The 160,000 BTC mystery
But whispers of foul play soon emerged. Allegations surfaced that https://t.co/5Oa96k5htj used a chunk of the ICO funds—some say as much as $2.1 billion worth of Ether—to buy 160,000 Bitcoin. That’s over $100 billion at today’s prices. Was it a strategic investment or a heist? No one knows for sure. https://t.co/5Oa96k5htj stayed silent, and the Bitcoin’s whereabouts remain a mystery."
Broken Promises
The real sting came later. https://t.co/5Oa96k5htj had pledged to reinvest in the EOS ecosystem—$1 billion through its EOS VC fund to support developers and startups. But the community watched in dismay as little of that materialized. Instead, B1 shifted focus to projects like Bullish, a crypto exchange, and Voice, a failed social media platform. The EOS blockchain stagnated, and token prices plummeted—down 97% from their peak.
Regulatory Slap and Community Revolt
In 2019, the SEC stepped in, fining https://t.co/5Oa96k5htj $24 million for an unregistered securities sale—a slap on the wrist compared to the billions raised. Investors cried fraud, but B1 walked away unscathed. By 2021, the EOS community had had enough. Led by Yves La Rose and the EOS Network Foundation, they took control of the blockchain, cutting ties with https://t.co/5Oa96k5htj. They demanded accountability—and $4.1 billion in damages, but nothing came.
Where Are We Now?
Today, March 2025, EOS limps on with a market cap of under $800 million. The community fights to rebuild, but the $4.1 billion—and that alleged 160,000 Bitcoin—remains out of reach. Posts on X claim B1’s founders, like Brendan Blumer, should face justice, even offering to donate the seized BTC to figures like Elon Musk or Donald Trump if recovered.
In Reflection
EOS was a symbol of crypto’s promise—and its pitfalls. A tale of ambition, betrayal, and a community left holding the bag. Will the truth about those 160,000 Bitcoin ever surface? Only B1 can tell us that, so maybe they can tell us where they are and when they intend complying with their promises of 8 years ago?
#BitcoinDonation #b1
@realDonaldTrump@elonmusk@DOGE@DavidSacks
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