Another class-action complaint has been filed in the wake of this year's $232 million Tezos initial coin offering (ICO).
In what constitutes the fourth effort to launch a class-action lawsuit against the controversial blockchain project, new court filings from Dec. 13 on behalf of plaintiff Bruce MacDonald notably call for a temporary restraining order on the assets raised during the token sale.
Among the defendants named are Tezos founders Arthur and Kathleen Breitman, Dynamic Ledger Solutions, Inc., the Tezos Foundation, Johann Gevers, Diego Ponz and Guido Schmitz-Krummacher (who reportedly resigned last week as one of the foundation's three board directors, according to Reuters). Cryptocurrency brokerage Bitcoin Suisse AG and its co-founder, Niklas Nikolajsen, were also named as defendants.
Last week's filing stated:
The application for the temporary restraining order, submitted on Dec. 14, argues that the Tezos ICO holdings are worth in excess of $1 billion. It seeks to prevent the sale or transfer of the digital assets raised during the sale, alleging that "as cash, it can disappear quickly into the void."
The full class-action complaint can be found below:
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.