A Second-Class Action Suit filed against Tezos Founders

North America United States

Less than three weeks since the last time the founders of the Tezos project had been hit with a lawsuit, another one has been filed against them

The most recent suit filed at the U.S. District Court in Florida focuses on alleged sales of unregistered securities by Tezos founders Arthur and Kathleen Breitman which resulted in 232 million USD raised through their ICO.

The suit doesn’t stop there and proceeds to accuse the defendants of pocketing vast amounts of money from the fraudulent marketing of “Tezzies” – the platform’s native tokens, as charitable contributions.

The Breitmans have previously denied any misconduct.

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

Leave a Comment

Coinlaw Newsletter

Whether you are a law firm, founder gearing-up for a token offering, or a crypto currency trader, subscribe to the biggest crypto legal newsletter to be informed of the latest developments in each and every jurisdiction