Tezos Seeks To Settle Coin Offering Suit For $25M

By Reenat Sinay (March 23, 2020, 3:07 PM EDT) -- Buyers of Tezos coins asked a California federal court to okay a $25 million cash settlement with the owners of the Tezos blockchain network that would end the investors' securities fraud claims over the network's unregistered July 2017 initial coin offering.

In their bid for preliminary approval of the agreement, the digital token buyers said Friday that the deal represents an "excellent" recovery for them and would resolve allegations that the Tezos ICO — which they describe as the largest in history — illegally raised $232 million worth of bitcoin and ethereum.

"Plaintiffs believe that the proposed $25,000,000 settlement is an...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!