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An ICO stands for an Initial Coin Offering, which is also called crowdsales or token sales. It’s a way of raising funds for a company that plans to launch new coins, apps, or services. In ICOs, investors are offered cryptocurrency tokens in exchange for other cryptocurrencies or legal tenders. This method is mainly unregulated and is used by startups.

The Southern District Court of New York Granted the SEC Request Against TON

Telegram will most likely lose the case in court, and Durov's company will be obliged not only to return the money but also to pay a fine. The final verdict will be issued on April 30.

Telegram and the SEC Require to Expedite Their Case. Both Sides Published Their Positions

The Telegram Group and the SEC appealed to the United States District Court for the Southern District of New York with a request to expedite their case, while also announcing their positions.

The Court Attacks Telegram Again: The Court Ordered Telegram to Disclose Pre-ICO Financial Information by February 26

The US District Court made the final decision and will not extend the deadline for submitting financial documents. Telegram has time to provide required materials until February 26.

SEC Filed Invoices of Telegram Token Sale After Pre-ICO to the Court

The SEC provided evidence of Telegram tokens sales after the pre-ICO, which Telegram refused to give earlier. Now, Telegram says that it will most likely not have time to provide the SEC with the required information before the next hearing.

The Court Rejected the SEC Attempt to Obtain Financial Data From Telegram

The New York Southern District Court denied the Securities and Exchange Commission's (SEC) emergency request to get complete bank records from Telegram token sales.

TON Did Hold the Voting and Offered New Options for Its Investors

TON investors supported the project, and the deadline will be extended for April 30, 2020. Check out the details of the options Telegram offered to its purchasers.

Regulators Insist on Telegram Cryptocurrency Transactions’ Injunction

The Telegram Group Inc. is ready to postpone the launch of its Telegram Open Network (TON) blockchain platform and delay all transactions related to the Gram cryptocurrency for 5 months.

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