Bu makaleyi paylaş
Tezos Founders Hit With Second Class Action Suit
A second class action lawsuit has been filed against the founders of blockchain startup Tezos, alleging violation of U.S. securities law.
Yazan Aaron Stanley
For the second time in less than three weeks, a lawsuit has been filed against the founders of the Tezos project.
Pursued in the U.S. District Court in Florida, the suit alleges Tezos founders Arthur and Kathleen Breitman deceptively sold unregistered securities in violation of both federal and state law when they raised $232 million in an initial coin offering (ICO) in July.
STORY CONTINUES BELOW
Başka bir hikayeyi kaçırmayın.Bugün Crypto Daybook Americas Bültenine abone olun. Tüm bültenleri gör
The filing names the husband-and-wife pair, the Tezos Foundation and Dynamic Ledger Solutions – the Delaware-based company that holds Tezos's intellectual property – as defendants. Further, it accuses them of fraudulently and deceptively marketing the sale of the platform's native token "Tezzies" as charitable contributions and then pocketing "tens of millions of dollars" for themselves.
"Notwithstanding the defendants' attempts to avoid governmental and private scrutiny, it is clear that the financiers were indeed profit-seeking investors in a security and that Defendants promoted and conducted an unregistered offering of securities, not a charitable fundraiser," the complaint reads.
It continues:
"[D]ue to the many misrepresentations, factual omissions and unlawful activities engaged in by the defendants – it appears [participants in the ICO] cannot, and potentially will not, see any return on their investments."
The Breitmans' lawyer did not immediately respond to a request for comment Wednesday, but in previous cases they have denied any wrongdoing and have signaled that they will aggressively fight back against such lawsuits.
The news marks the latest development in the ongoing controversy over the project, which broke into the public view earlier this month when the Breitmans accused Johann Gevers, the head of the Tezos Foundation (created to support development of the project), of self-dealing. Gevers, in turn, alleged that the Breitmans were seeking to usurp control of the non-profit foundation.
The new complaint filed by David Silver, a partner at SilverMiller in south Florida, echoes and expands upon allegations laid out in a separate class action suit filed in California on Oct. 25, which came just days after the dispute between the Breitmans and Gevers went public.
Tezos image via Marc Hochstein for CoinDesk
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
