Tezos

Just a few months after it was the darling of the ICO world, Tezos is facing internal squabbles, an external lawsuit, and rumors of SEC interest in the ICO:

https://www.law.com/therecorder/sites/therecorder/2017/11/02/blockchain-startup-tezos-faces-class-action-over-232m-ico/

http://fortune.com/2017/10/28/tezos-sec/

https://cointelegraph.com/news/a-tale-of-two-icos-how-maidsafe-tezos-endangered-own-projects-with-critical-mistakes

It will be very interesting to see how this plays out. With a fundraise of roughly $232M (not to mention some interesting technology), it is unlikely that Tezos will simply disappear.

Author: Michael O'Connor

Michael O'Connor is an attorney in Quinn Emanuel's Washington, DC office. Prior to joining the firm, Michael clerked for the Hon. D. Brooks Smith of the U.S. Court of Appeals for the Third Circuit and worked for several years at another major international law firm. He has dual degrees in Computer Science and Biology from Penn State University. Michael's practice includes intellectual property litigation, antitrust litigation, and data security and privacy. Michael advises clients on legal planning for data breaches, their obligations for safe handling of personally identifiable information, and the legal implications from emerging technologies like Bitcoin, Ethereum, and the blockchain. He has applied his technical training to patent cases involving semiconductor design, systems programming, and mobile device architecture. He has worked on multiple cases at the intersection of patent and antitrust law. Michael represents clients in cases before federal courts throughout the country, as well as before the International Trade Commission.