26 Oct 2017
24 October 2017
By Anna Irrera, Steve Stecklow, Brenna Hughes Neghaiwi, REUTERS
The creators of an embattled cybercurrency technology project called Tezos expressed regret on Tuesday about their ongoing dispute with the head of a Swiss foundation that controls the $232 million they raised in one of the largest “initial coin offerings” ever.
In their first public appearance since Reuters detailed the controversy in a report last week, Arthur and Kathleen Breitman described their feud with Tezos Foundation President Johann Gevers over control of the project as unfortunate.
“I mean, it stinks – it stinks,” Kathleen Breitman said while sitting next to her husband on a panel at the Money20/20 technology conference in Las Vegas.
“Like, we’re both really embarrassed about the situation, but we trust the process that we put in place and I think it will be resolved in due course.”
The Breitmans helped establish the Zug-based Tezos Foundation to handle their coin offering and develop a new transaction system that the money would be put toward.
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