Only three month ago Tezos carried out an extremely successful ICO raising 232$ million, but currently project is in danger of losing trust of their investors even before it could have been officially launched.
Tezos (Pre-launch) Charts
On October 18th Arthur and Kathleen Breitman published a letter in their official blog stating that president of Tezos Foundation, Johann Gevers, “engaged in an attempt at self-dealing, misrepresenting to the council the value of a bonus he attempted to grant himself”. This may have influenced such a notable decrease of futures price.
Founders of Tezos now intend to legitimately remove Johann Gevers from Tezos Foundation.
Digital coins of Tezos under the name "Tezzies" are already highly priced at a hefty premium in futures trading although they do not yet exist. The launch of Tezos network and the coin release are postponed indefinitely.