Founders Spell More Trouble for Tezos, Seek Legal Bailout From ICO Funds

[kreslik.news]

Amid a showdown with the United States authorities, the embattled founders of the Tezos project are making an emergency request to the Swiss-based association that controls its proceeds to cover their legal cost after having been rocked by a third lawsuit earlier this week.

People familiar with the matter told Reuters Friday that a schism between the young husband-and-wife founders and the head of Tezos Foundation Johann Gevers may delay, or deny, the couples’ request.

Tezos’s troubles became public after founders Kathleen and Arthur Breitman asked the head of the Swiss foundation, Johann Gevers, to resign from its board.

Tezos is a cryptocurrency ... (read more)