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who controls the rest of the money? Could be the same people, just indirectly, via friends or shell companies incorporated in Switzerland
by kirillseva 9y ago
who controls the rest of the money? Could be the same people, just indirectly, via friends or shell companies incorporated in Switzerland
- touchofevil 9y agoThe ICO funds are controlled by a Swiss foundation. See my other comment in this thread regarding the board members of the Swiss foundation.
- trhway 9y ago>who controls the rest of the money? Could be the same people, just indirectly, via friends or shell companies incorporated in Switzerland you're absolutely right : " The idea, according to documents on the Tezos website, was that the foundation would raise money via the ICO, then acquire DLS, the Breitman-controlled company that has been developing Tezos. " So it seems that the plan was that Breitmans would take as much money as they want (can we say "all the money"? :), and probably the foundation guy that Breitmans are fighting now did bait-and-switch reneging on the agreement to buy the company (as it would be hard to believe that even in Switzerland such agreement can exist in a legally binding form) and chose instead to have all this money to himself. $400M of free money can do that to people :)