class action

Class action lawsuit targeting Tezos ends in $25M settlement after 3 years

The three-year-long class-action lawsuit targeting Tezos (XTZ) has come to a conclusion after Judge Seeborg approved Tezos’ $25 million settlement on Aug. 28.According to the judgment, the funds will be distributed among “all persons and entities” who participated in Tezos’ 2017 initial coin offering (ICO) from July 1 to July 13 and sold their XTZ for a loss before Nov. 25, 2019, did not sell their tokens before Nov. 25, or are unable to access their XTZ due to lost passwords.Eligible parties must file a claim to receive a share