Tezos founders: "Development is moving forward"

Founders of Tezos project, Arthur and Kathleen Breitman, visited Money2020 in Las Vegas and assured investors that the future of the project is safe
26 October 2017   2757

The founders of the Tezos start-up Arthur and Kathleen Breitman assured investors that the future of the project is not threatened. This was announced at the Money2020 conference in Las Vegas, CoinDesk reports.

Tezos Founders
Tezos Founders

The Breitmanns claim that, despite temporary difficulties, the development of the project continues. At the same time, the conflict situation may be resolved in the near future.

They also advised investors who invested $ 232 million in their project, not to panic and "rely on them."

Kathleen Breitman still noted the difficulties of the situation.

I mean, it stinks. It stinks. We're both really embarrassed about the situation. But we trust the process that we put in place, and I think it will be resolved in due course.
 

Kathleen Breitman

Co-Founder, Tezos

The conflict arose between Arthur and Keitlin Breitman, who owns the project code, and Johann Giewers, president of the fund that controls the funds raised during the ICO.

The Breitmanns accused Gavers of acting in their own interests, while Gevers himself argues that the organizers have entered into a criminal conspiracy and are trying to eliminate it. This situation led to significant drop of Tezos price - up to 75% in few hours.

It worth reminding that at the beginning of the week due to this conflict Tezos became the object of an official investigation initiated by a number of investors in the ICO of this project.

Poloniex to Receive GRAM Listing Application

The application was filed by the head of the Gram Vault custodian and Blackmoon COO Sergey Vasin before the SEC's lawsuit
22 October 2019   70

The head of the Gram Vault custodian, Sergey Vasin, filled out an application for listing on the Poloniex exchange before the SEC filed a lawsuit against Telegram.

According to Vasin, who is also a Blackmoon COO exchange, Gram Vault stores 50% of tokens from the first round and 75% of tokens from the second round of sales.

He also added that Telegram does not work directly with exchanges. The document was at the disposal of CoinDesk.

SEC asked Telegram for information on possible Gram trading on the Coinbase, Poloniex, Bittrex, Huobi, Binance, Blackmoon and Liquid exchanges. Only the last two and Coinbase Custody previously announced token support.

Recall that the SEC lawsuit has already forced Telegram to postpone the launch of TON in the spring of 2020.