Tezos: another lawsuit

As before, the founders of Tezos are suspected of violating the securities laws during the ICO 
16 November 2017   1739

New collective lawsuit has been filed against the founders of the Tezos project. This is reported by CoinDesk.

As before, the founders of Tezos Arthur and Kathleen Breitman are suspected of violating the securities laws during the ICO in July, during which $ 232 million was raised. Among the suspects are not only the Breitman couple, but also the Tezos Foundation and Dynamic Ledger Solutions. The Dynamic Ledger Solutions is a Delaware-based company that owns the intellectual property of Tezos.

Also, the aforementioned individuals and companies are charged with fraudulent sales of Tezzies tokens under the guise of charitable contributions and the misappropriation of "tens of millions of dollars."

Notwithstanding the defendants' attempts to avoid governmental and private scrutiny, it is clear that the financiers were indeed profit-seeking investors in a security and that Defendants promoted and conducted an unregistered offering of securities, not a charitable fundraiser. Due to the many misrepresentations, factual omissions and unlawful activities engaged in by the defendants – it appears [participants in the ICO] cannot, and potentially will not, see any return on their investments.
 

Second lawsuit against Tezos

According to Reuters, in the opinion of representatives of the Swiss broker Bitcoin Suisse, who contributed to the project's attraction of $ 232 million, Tezos investors should not expect to receive reimbursement. At the same time, the broker said that he does not have information that investors' funds are "lost or exposed to unreasonable risk."

In addition, Bitcoin Suisse reminded investors demanding the return of their money and compensation for damage, that they took part in a high-risk project, and the terms of the deal "do not provide for mandatory refunds due to regulatory and practical considerations."

Due to the trial, the date of the project's launch was postponed. It is also noteworthy that investors did not get their tokens, because the ICO conditions stipulate the distribution of Tezzies tokens only after the launch of the main Tezos network.

It is also worth noting that Arthur Breitman has an active Twitter account with no posts, related to lawsuits, but with regular dev. updates.

Missis Breitman has a Twitter account with no lawsuits info too, but with posts, related to sports and feminism.

Also, Breitman couple reported recently that development is ongoing and "it will be resolved in due course". 

Lightning Network Wallet by Breez to be Out For iOs

Solution is based on the lightweight client called Neutrino and it wallet supports Submarine Swaps technology
18 June 2019   148

The Breez payment platform introduced a non-custodial wallet for iPhone that supports the Lightning Network protocol.

The basis of the new product is a lightweight client Neutrino. It is also known that the wallet supports Submarine Swaps technology, which makes it possible to conduct transactions between online addresses and the Lightning Network.

The company's blog says that immediately after installation, the application automatically connects the channel to the so-called Breez hub connected to other Lightning nodes, which allows the user to conduct transactions with any participants in the second-level network. In addition, according to the founder of the company, Ron Scheinfeld, the possibility of a refund is provided in the event of challenging purchases.

In a Lightning economy, people trade money for goods and services. Intermediaries — banks, credit cards, online payment processors, and custodians of any kind — are obsolete. All that remains are the people, trading with each other anywhere, anytime, free to do what each of them thinks is best with their own money. Scale is no longer a concern. Transactions are virtually instantaneous and practically free. The people are free too. Finally.
 

Roy Sheinfeld
Co-Founder and CEO, Breez

The company also noted that within only two months after the release of the version for Android, Breez benefited from "hundreds of users." Currently, the wallet is in beta.

On the eve of the release of the iOS application, the startup managed to attract $ 500,000 from Recruit Strategic Partners and Fulgur Ventures. The funds will be used to develop an application for merchants, allowing them to accept Lightning-payments.