The husband-and-wife team behind Tezos have been locked in a fierce battle for control of $232m with the head of the board of a nonprofit foundation that sold the Tezos digital coins. More than 30,000 participants in that coin offering have been in limbo while the two sides duked it out.
Neither side disclosed details of the fight’s resolution. The Breitmans began Tezos, which is a software platform, four years ago in a bid to address some of the governance issues that have surrounded other cryptocurrencies such as bitcoin. They launched the coin offering for Tezos last July, selling digital tokens through a Switzerland-based foundation. The ensuing dispute over control of the $232 million the offering raised highlighted some of the many risks facing investors who participate in coin offerings.