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.
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A $232 Million Cryptocurrency Fight Comes to a Close
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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.
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