Some big changes are coming to the Tezos Foundation

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2018-02-24
Some big changes are coming to the Tezos Foundation

Breitman’s spouse, the founders of the Tezos start-up, achieved the resignation of Johann Gehwers, president of the nonprofit foundation, which controls the revenues from the project that took place last summer. Simultaneously, Tezos said that the vacant seats were occupied by Michelle Monie and Ryan Jesperson. The former president of the Tezos Foundation first announced his intention to resign after the problems of the startup are resolved and he will resume work after a series of scandals with the founders. After a while, Givers, however, deleted his claim.

Tezos positions itself as the network protocol of safe and ready-to-time systems of smart contracts. During the ICO in July 2017, the project managed to raise $ 232 million.

The company headed by the Breitman is based in the US state of Delaware and owns the source code of the Tezos project, while under the management of the Swiss fund Tezos Foundation all funds collected during the ICO are located.

In October of the same year, the start-up was involved in a lawsuit with the Tezos Foundation, and a number of collective suits were sent to the company. In particular, the plaintiffs claimed that Tezos violated the securities laws and demanded that the assets of the startup be frozen.

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