Telegram slammed by SEC in ongoing legal battle
The financial regulator accuses the company of using investment funds to replenish its bank account.
The financial regulator accuses the company of using investment funds to replenish its bank account.
It was another busy week for crypto as the space continues to find better footing.
The court order comes as part of the ongoing dispute between the two entities.
The regulatory agency alleges that Telegram continued to sell tokens after completing its ICO.
Lazarus has updated its method of attack to evade detection, according to Kaspersky security researchers.
The regulator said Telegram had raised some $1.7 billion for the sale of its digital tokens, in what it believes to be an unregistered offering.
The company publishes a public notice on what’s happening with the network.
The company won’t reveal information related to its 2018 token sale.
John Hyman apparently knew quite well Telegram might be offering a security, and the SEC case looks to be built on his work.
Telegram CEO Pavel Durov and two employees will have to give their side of the story to keep the TON project alive.
The messaging app asked the U.S. courts to dismiss the action raised by the SEC, rejecting suggestions that its token sale was an unregulated securities offering.
The Bitcoin ecosystem continues to advance at a steady pace as it becomes more mature and integrated into everyday life.