Tezos Founders Seek Bail-Out From Foundation (news.bitcoin.com)

Following mounting lawsuits, the founders of Tezos are seeking for their legal costs to be covered by the Swiss-based foundation tasked with managing the funds generated through the company’s ICO (initial coin offering). If successful, the Tezos founders will be using the funds of the very ICO participants that sued the company to pay for their legal expenses.
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Tezos Founders Enter Legal Battle for Control of $400m in Raised ICO Funds (news.bitcoin.com)

Founded by husband and wife, Kathleen and Arthur Breitman, Tezos is a decentralized platform that hosts smart contracts that seeks to compete with ethereum. Tezos’ initial coin offering (ICO) did not have a cap on investment and raised approximately $ 232 million – at the time comprising the largest ICO crowdsale to date. The 65,703 bitcoins (BTC) and 361,122 ETH raised by the company is now worth more than $ 400 million USD.
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