Bitcoin Brokerage Denies Tezos ICO Involvement in Court Filing

Cryptocurrency brokerage Bitcoin Suisse AG has filed a motion to dismiss its involvement in a class-action lawsuit launched against the Tezos Foundation and other entities, saying it had nothing to do with the startup’s 2017 initial coin offering (ICO).

In a filing entered last week at the U.S. District Court in the Northern District of California, the brokerage stated that, while it provided blockchain project Tezos with some cryptocurrency conversion services, its actions should not be grouped with those of the company as regards the claims in the lawsuit being brought by Tezos investor Bruce MacDonald.

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