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Tezos Reaches $25 Million Settlement in Class-Action Lawsuit Over $232M ICO
Key Takeaways
Tezos has settled a class-action lawsuit and will compensate investors who sold their XTZ and lost money on the investment
Tezos's token sale did not constitute an unregistered security offering as far as this lawsuit is concerned
This has little bearing on whether the SEC considers Tezos a security, though it has not yet taken action against the Tezos Foundation
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Tezos Reaches $25 Million Settlement in Class-Action Lawsuit Over $232M ICO
Key Takeaways
Tezos has settled a class-action lawsuit and will compensate investors who sold their XTZ and lost money on the investment
Tezos's token sale did not constitute an unregistered security offering as far as this lawsuit is concerned
This has little bearing on whether the SEC considers Tezos a security, though it has not yet taken action against the Tezos Foundation
SHARE THIS ARTICLE