{"id":728,"date":"2017-11-16T00:00:00","date_gmt":"2017-11-16T00:00:00","guid":{"rendered":"https:\/\/www.silvermillerlaw.com\/media-coverage\/tezos-ico-promoters-hit-with-second-class-action-lawsuit\/"},"modified":"2023-06-12T13:25:35","modified_gmt":"2023-06-12T13:25:35","slug":"tezos-ico-promoters-hit-with-second-class-action-lawsuit","status":"publish","type":"news_posts","link":"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/tezos-ico-promoters-hit-with-second-class-action-lawsuit\/","title":{"rendered":"Tezos ICO Promoters hit With Second Class Action Lawsuit"},"content":{"rendered":"<p>The organisers of the Tezos ICO have been hit with another lawsuit for its controversial fundraising with a token sale.<\/p>\n<p>As per the allegations, $232 million was raised to issue a new cryptocurrency by deceiving investors. Moreover, there was no clear end date to fund the development of the transaction system.<\/p>\n<p>Coral Springs-based law firm Silver Miller filed the class action lawsuit in a US District Court in Florida. According to the court documents, the allegations against Tezos\u2019 organizers are that they broke US securities laws and defrauded and misled participants in the online fundraiser.<\/p>\n<p>The defendants are Arthur and Kathleen Breitman, the co-founders of the project; their Delaware-based company Dynamic Ledger Solutions, which owns the rights to the transaction system\u2019s code; and the Tezos Foundation, a Swiss entity that was set up to carry out the fundraiser.<\/p>\n<p><a href=\"https:\/\/www.financemagnates.com\/cryptocurrency\/news\/tezos-ico-promoters-hit-second-class-action-lawsuit\/\">Read the rest of the article:<\/a><\/p>\n","protected":false},"featured_media":1785,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news_categories":[],"class_list":["post-728","news_posts","type-news_posts","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tezos ICO Promoters hit With Second Class Action Lawsuit - SilverMillerLaw.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/tezos-ico-promoters-hit-with-second-class-action-lawsuit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tezos ICO Promoters hit With Second Class Action Lawsuit - SilverMillerLaw.com\" \/>\n<meta property=\"og:description\" content=\"The organisers of the Tezos ICO have been hit with another lawsuit for its controversial fundraising with a token sale. 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Coral Springs-based law firm\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/tezos-ico-promoters-hit-with-second-class-action-lawsuit\/\" \/>\n<meta property=\"og:site_name\" content=\"SilverMillerLaw.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/silvermillerlaw\/\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-12T13:25:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.silvermillerlaw.com\/wp-content\/uploads\/2020\/11\/Finance-Magnates.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"896\" \/>\n\t<meta property=\"og:image:height\" content=\"597\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@dcsilver\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/tezos-ico-promoters-hit-with-second-class-action-lawsuit\/\",\"url\":\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/tezos-ico-promoters-hit-with-second-class-action-lawsuit\/\",\"name\":\"Tezos ICO Promoters hit With Second Class Action Lawsuit - SilverMillerLaw.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.silvermillerlaw.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/tezos-ico-promoters-hit-with-second-class-action-lawsuit\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/tezos-ico-promoters-hit-with-second-class-action-lawsuit\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.silvermillerlaw.com\/wp-content\/uploads\/2020\/11\/Finance-Magnates.webp\",\"datePublished\":\"2017-11-16T00:00:00+00:00\",\"dateModified\":\"2023-06-12T13:25:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/tezos-ico-promoters-hit-with-second-class-action-lawsuit\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/tezos-ico-promoters-hit-with-second-class-action-lawsuit\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/tezos-ico-promoters-hit-with-second-class-action-lawsuit\/#primaryimage\",\"url\":\"https:\/\/www.silvermillerlaw.com\/wp-content\/uploads\/2020\/11\/Finance-Magnates.webp\",\"contentUrl\":\"https:\/\/www.silvermillerlaw.com\/wp-content\/uploads\/2020\/11\/Finance-Magnates.webp\",\"width\":896,\"height\":597,\"caption\":\"Finance Magnates\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/tezos-ico-promoters-hit-with-second-class-action-lawsuit\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.silvermillerlaw.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tezos ICO Promoters hit With Second Class Action Lawsuit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.silvermillerlaw.com\/#website\",\"url\":\"https:\/\/www.silvermillerlaw.com\/\",\"name\":\"SilverMillerLaw.com\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.silvermillerlaw.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tezos ICO Promoters hit With Second Class Action Lawsuit - SilverMillerLaw.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/tezos-ico-promoters-hit-with-second-class-action-lawsuit\/","og_locale":"en_US","og_type":"article","og_title":"Tezos ICO Promoters hit With Second Class Action Lawsuit - SilverMillerLaw.com","og_description":"The organisers of the Tezos ICO have been hit with another lawsuit for its controversial fundraising with a token sale. 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