Johann Gevers, The President Of Tezos Foundation Resigns Amid Board Organization

This Was Due To A Dispute

0 1,088

Controversial Tezos Foundation president has resigned formally from his post and this was a section of reorganization. Johann Gevers who was involved in leading the independent Swiss Tezos Foundation is said to have been at odds with the founders of Tezos; Arthur and Kathleen Breitman. These two individuals are responsible for the control of the intellectual property which is associated with Tezos. They do this through their organization, Dynamic Ledger Solutions.

This disagreement was brought about by a contract dispute where the Breitman’s’ accused Johann Gevers of “self-dealing”. However, this infighting is said to have gone public after an investigative report explosion where Gevers accused the Breitman’s of attacking his character.

In accordance with Tezos Foundation statement, Gevers together with another board member who was Diego Olivier Fernandez Pons just offered to make a resignation from the board of directors. Currently, the two have been replaced by Michael Mauny and Ryan Jespersen. These two will join Lars Haussmann for having the most recent appointment to the board of directors which governs Tezos Foundation.

Jespersen together with the other Polychain capitals Olaf Carlson-Wee were the founding members of the T2 foundation. This organization was formed o January in order to wrest the funds gotten from the projects then – record ICO away from Johann Gevers and also the Tezos foundation. A French computer programming expert called Mauny was also a member of the T2 foundation board.

Gevers tweeted that he was very happy;

“After months of very hard work under extremely difficult conditions, I’m very happy that we’ve achieved a good resolution that optimally serves the interests of the Tezos project and the wider crypto ecosystem.”

However, the Tezos community members used the social media to bring out and convey their optimism about the direction of the foundation. Their major hope was to see the project development which has been lagging in developments get back on the right track.

However, as things look up for the embattled project, both the Dynamic Ledger Solutions and Tezos Foundation are still facing four class-action lawsuits which were filed by the ICO distributors.

You might also like