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.