US judge lets Tim Draper off in Tezos lawsuit—for now
Venture capitalist Tim Draper has been let off the hook with regards to a class action suit brought by investors of the ill-fated Tezos digital coin.
Venture capitalist Tim Draper has been let off the hook with regards to a class action suit brought by investors of the ill-fated Tezos digital coin.
In an attempt to regain some footing and possibly some of the public trust it has lost, Tezos entered a deal with PricewaterhouseCoopers (PwC), which will “act as the external auditor for the Foundation’s finances and operations.”
nTezos promised to share Tezos's open source code but without the Know-Your-Customer protocols.
Arthur Breitman has been fined by the Financial Industry Regulatory Authority to the tune of $20,000 over a number of false statements he reportedly made regarding his venture whilst he was still an employee of Morgan Stanley.
The fallout could spell an awful precedent for ICO’s.