Investors initiated an investigation into Tezos

Boston law firm Block & Leviton LLP started the investigation of the Tezos case
23 October 2017   1655

The Swiss blockchain startup Tezos, having been in the spotlight last week due to internal conflict, has now become the object of an official investigation initiated by a number of investors in the ICO project. This is written by Merkle.

Investigation of the Tezos case was confirmed by the law firm Block & Leviton LLP based in Boston. The investigation is for the benefit of investors who took part in the ICO project last summer.

Having managed to attract more than $ 230 million within the crowdsale, the project encountered a number of problems, such as:

  • delay of the tokens launch;
  • internal conflict.

At the same time, the apparent lack of prospects for an early resolution of internal contradictions attracts even more attention to Tezos.

Concerns of investors about the current situation are understandable, since the future of the project is currently under big question.

Block & Leviton LLP recommends that all participants of ICO, who care about the fate of their investments, contact the company as soon as possible. At the moment, two lawyers are engaged in the investigation of the Tezos case, which are actively searching for persons who can provide them with information potentially useful for investigation.

Moreover, as it was made clear by Block & Leviton LLP, that it is possible that ICO Tezos was conducted in violation of securities laws. If this is confirmed, the situation for the project and its investors will only worsen.

Tezos positions itself as a network protocol for secure and time-ready smart contract systems. According to the founders of the project, Breitman, the platform focuses on such fundamental aspects as transparency, security and governance through consensus.

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Pantera Capital to Intend to Raise $175M for Crypto Fund

Whether the firm can achieve its funding goal is still unclear
16 August 2018   185

Pantera Capital intends to raise up to $ 175 million for its third venture fund, focused on the blockchain and cryptocurrencies, which marks significant progress against the background of the company's other two funds: the assets of the first of them are $ 13 million, the second - $ 25 million. This is reported by TechCrunch.

As reported, company's partner Paul Veradittakit says the target amount is a “function of how fast the space is moving, the talent coming in, the opportunities, and the sizing of rounds. With more interesting later-stage investments [on our radar], too, we want to be flexible and able to move with the market.”

Whether the firm can achieve its funding goal is still unclear. According to documents recently sent to the US Securities and Exchange Commission (SEC), it has already managed to raise more than $ 71 million with the participation of 90 investors. Veradittakit calls this event "the closing of the first transaction".

One of the company's new funds, which opened last year, has a hedge fund structure and focuses exclusively on the ICO. The founder of the company Dan Morehead said earlier that Pantera takes part in the first stages of such campaigns, "basically getting a discount to the ICO price by getting in early, when it’s just a team and a white paper."

The second fund of the company is engaged in investing in bitcoin and has managed to serve a large number of investors during its existence. According to Morhed's calculations, the fund, launched 5 years ago, demonstrated a return of 10 136%.

The last fund Pantera invests in cryptocurrencies, which are already traded on the exchanges. It uses machine learning for algorithmic investment and takes into account the views of the company's management when making investment decisions.