Fourth Class-Action Suit Filed Against Tezos

Lawsuit against one of the most successful ICO states that tokensale's organizers violated U.S. securities laws
18 December 2017   339

Another, fourth lawsuit was filed against one of the most successful ICOs of this year, Tezos. This is reported by the CoinDesk.

Plaintiff Bruce MacDonald in lawsuit from 13 Dec calls for or a temporary restraining order on the assets raised during the token sale. Defendants are: 

  • Tezos founders Arthur and Kathleen Breitman 
  • Dynamic Ledger Solutions, Inc.
  • the Tezos Foundation
  • Johann Gevers 
  • Diego Ponz and Guido Schmitz-Krummacher (who resigned last week) 
  • Cryptocurrency brokerage Bitcoin Suisse AG and its co-founder, Niklas Nikolajsen 

The lawsuit states that the Tezos tokensale's organizers violated U.S. securities laws, very similar to three collective lawsuits from the past. 

In sum, Defendants capitalized on the recent enthusiasm for blockchain technology and cryptocurrencies to raise funds through the ICO, illegally sold unqualified and unregistered securities, used a Swiss-based entity in an unsuccessful attempt to evade U.S. securities laws, and are now admittedly engaged in the conversion, selling, and possible dissipation of the proceeds that they collected from the Class through their unregistered offering.

New Lawsuit

The application for the temporary restraining order, submitted on Dec. 14, argues that the Tezos ICO holdings are worth around $1 billion. It seeks to prevent the sale or transfer of the digital assets raised during the sale, alleging that "as cash, it can disappear quickly into the void."

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SONM to Hold AMA for Community

SONM is rolling out the Questions and Answers session for the community once again on February 20, 2018, at 16:00 UTC
20 February 2018   161

SONM is the universal fog supercomputer powered by the Ethereum blockchain, designed for general-purpose computing, from mobile app hosting to video rendering to DNA analysis. Miners all over the world can leverage their idle computer power to become part of the SONM network.

SONM has announced in its official twitter account that it is rolling out the Questions and Answers session for the community once again on February 20, 2018, at 16:00 UTC.

SONM AMA announcementSONM AMA Announcement

The users can ask SONM team any questions using the hashtag #ASKSONM or on Sli.Do using the event code Z111. The team members will give answers to all users' questions on the official Youtube channel of SONM.

Currently, SONM is traded at such exchanges as Binance, Tidex, Liqui, KuCoin, OKEx, HitBTC, COSS, Yobit and EtherDelta.

At the moment of press, these are main market parameters of SONM:

Average price: $0,219646
Market cap: $78 984 702
24h volume: $848 344