No refund for Tezos contributors, cryptocurrency broker says

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. (

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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