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A capture from the Tezos website showing the results of the company’s ICO fundraiser.

SAN FRANCISCO — Blockchain startup Tezos has been hit with a potentially groundbreaking class action lawsuit alleging that its blockbuster $232 million initial coin offering (ICO) over the summer violated U.S. securities laws and misled investors.

Ben Hancock

Ben Hancock is a San Francisco-based reporter covering litigation, technology, finance, and the future of law. He writes a weekly news briefing covering those topics called "What's Next." Ben can be reached via email at bhancock@alm.com, or on Twitter: @benghancock

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