The dust is finally settling – or maybe the haze is clearing. It turned on a dime.

Tezos, whiz-couple Arthur and Kathleen Breitman’s cryptocurrency dream, surprisingly became the sector’s largest-ever initial coin offering. But it developed into a disaster after their associates, also devotees of “self-amending” blockchain technology, allegedly attempted to snatch away the couple’s $1.2 billion foundation.

The dramatic battle for control, as well as the financial mechanisms that supercharged the “tezzies” currency, highlights the pitfalls of the industry — while reinforcing the principle that anything that inexplicably offers great rewards inevitably reveals equally hazardous consequences. OZY regularly invites guest curators to share what they think are the most important and intriguing stories of the day.

Former Secretary of Homeland Security 43rd Governor of the State of Florida Tony Blair Former Prime Minister United Kingdom Read more from ozy.com…

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