How much money did Tezos raise? I thought they had crossed all of their t's when they were setting up the IPO. After all, aren't two of the main people behind it from wall street, they should understand the laws and SEC governances.
Tezos raised about $232 million. The biggest ICO that turned in to a scam. That's sucks for those who invested to this project. Luckily, in have not put any penny on it even though its very hyped ICO at that moment. The founder is facing charges against them. They are now pushing for legal bail-out.
https://www.google.com.ph/amp/mobile.reuters.com/article/amp/idUSKBN1DV4K0They raised a very huge amount. But they have not did their part. No products yet to present. That's very suspicious project. If they offer for refund. Take it and get out. There's no use to be a part of their community since they destroy people's trusts.
We don't necessarily know it is a scam yet. Just really really shitty management so far. They have been and are still actively developing according to their github.
They did raise way too much money for what they are trying to do. Great idea though, not only with amending protocol but mathematically formalizing blockchain tech.
Didn't invest and would get out if I did because of the internal bickering and external lawsuits, but at least they have this.