TON
Total 36 Posts
TON or Telegram Open Network is a darknet blockchain and cryptocurrency platform developed by the team of Pavel Durov. Telegram has been developing the platform since 2015, and its native cryptocurrency is called Gram. Telegram team says that the TON will be a decentralized platform for everyone, meaning that others will be able to contribute to its ecosystem.
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.
The SEC Has Additional Arguments Against Telegram
Former Telegram Chief Investment Adviser John Hyman swore testimony from the US Securities and Exchange Commission (SEC). The obtained information can be used against Durov, Telegram Group Inc., and TON Issuer Inc.
TON Investors Asked the Court Not to Disclose the List of Their Names
Investors asked the court to prevent the disclosure of the names. The court may make exceptions if this data is not important for the outcome of the case.
SEC Against Telegram: A Third Party May Appear in the Court
While the litigation between the US SEC and Telegram is in full swing, it became known that the Chamber of Digital Commerce wants to intervene as a third independent party.
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.
Liquid Crypto Exchange Returns Money to Users Who Bought Gram
Liquid PR campaign attracted investments in a total of $1 billion but did not directly make any deals with Pavel Durov’s company.
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.
