Second Suit Filed As Tezos Woes Continue

The woes of the erstwhile Tezos ICO have continued, as a second suit in as many weeks has been filed against the company. Again, the suit is filed as a class action, though this time in Federal District Court in Florida.

The filing makes clear that the ICO was indeed an offering of a security, though the company did not undertake to receive SEC approval for the issuance of a security, nor did it seek to vet all investors as ‘accredited’ according to the SAFT