Bitcoin Recovery Continues as Square Tests Support Bitcoin

Backers of the embattled Tezos tech project should not expect to receive refunds, according to the Swiss cryptocurrency broker that helped it raise $232 million in July.

Zug-based Suisse also said in a statement it “is not currently aware” that any of the funds “have been mismanaged, lost or are put at risk” by the project’s organizers.

A Reuters investigation last month detailed a battle over control of the Tezos project between its founders – Arthur and Kathleen Breitman – and Johann Gevers, the president of a Swiss foundation the couple helped establish to handle the coin offering and promote and develop the Tezos computer network. (https://reut.rs/2gPOMNH)

The dispute has significantly delayed the project. New digital coins linked to the project, called “Tezzies,” have yet to be issued to contributors. They were told they were making a “non-refundable donation” to the Tezos Foundation in Zug and may never receive any. The participants made their contributions in bitcoins and another cryptocurrency, ether, which have since jumped in value…

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