{"id":727,"date":"2017-11-15T00:00:00","date_gmt":"2017-11-15T00:00:00","guid":{"rendered":"https:\/\/www.silvermillerlaw.com\/media-coverage\/tezos-organizers-hit-with-second-lawsuit-over-cryptocurrency-fundraiser\/"},"modified":"2023-06-12T13:26:25","modified_gmt":"2023-06-12T13:26:25","slug":"tezos-organizers-hit-with-second-lawsuit-over-cryptocurrency-fundraiser","status":"publish","type":"news_posts","link":"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/tezos-organizers-hit-with-second-lawsuit-over-cryptocurrency-fundraiser\/","title":{"rendered":"Tezos Organizers hit With Second Lawsuit Over Cryptocurrency Fundraiser"},"content":{"rendered":"
(Reuters) – A second lawsuit was filed this week against the organizers of cybercurrency technology project Tezos, an initiative that raised $232 million to issue a cryptocurrency that does not exist and fund development of a transaction system that has no clear end date.<\/p>\n
The class action lawsuit, filed in a U.S. District Court in Florida by Coral Springs-based law firm Silver Miller, alleges that Tezos\u2019 organizers broke U.S. securities laws and defrauded and misled participants in the online fundraiser, according to court documents.<\/p>\n