Telegram Agrees to Give SEC Bank Records, Communications in Ongoing TON Lawsuit

Telegram is pledging to turn over communications, bank records and other information to the Securities and Exchange Commission (SEC) as part of the agency’s ongoing legal fight against the messaging startup on allegations that its $1.7 billion token sale in 2018 was conducted in violation of U.S. securities law. According to a court filing Friday, […]

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Telegram Withdraws Offer to Repay Investors With Gram Tokens

Telegram won’t be repaying its investors in gram tokens after all. The messaging platform told investors in its TON blockchain project Monday that it would not be paying investors back in tokens, and it was looking to buy American investors out immediately. Telegram, which has twice delayed the launch of its new network, is contractually […]

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SEC’s Court Hearing on Telegram Token Delayed Till Next Year

Telegram will have to wait to make its case to the U.S. Securities and Exchange Commission (SEC) that its “gram” token is not a security. According to the latest court filing (see below), the hearing on the case has been postponed until Feb. 18–19, 2020, pushed forward from an Oct. 24. slot. The judge hearing […]

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