skip to Main Content
bitcoin
Bitcoin (BTC) $ 97,963.25 1.00%
ethereum
Ethereum (ETH) $ 3,421.81 3.80%
tether
Tether (USDT) $ 1.00 0.21%
solana
Solana (SOL) $ 256.64 1.04%
bnb
BNB (BNB) $ 657.18 5.37%
xrp
XRP (XRP) $ 1.49 2.73%
dogecoin
Dogecoin (DOGE) $ 0.428555 5.38%
usd-coin
USDC (USDC) $ 0.999897 0.11%
cardano
Cardano (ADA) $ 1.06 7.78%
staked-ether
Lido Staked Ether (STETH) $ 3,419.96 3.77%

SEC Asks Court to Order Telegram to Pay $1.2B Back for $1.7B ICO

Despite the original TON project being officially terminated, the U.S. SEC asks Telegram to return $1.2 billion.

1456 Total views

13 Total shares

SEC Asks Court to Order Telegram to Pay $1.2B Back for $1.7B ICO

The United States’s Securities and Exchange Commission, or SEC, has filed a proposal for final court judgement in regard of the terminated Telegram Open Network project.

In a document filed on June 25, the SEC has asked the New York Southern District Court to order million dollar penalties to multiple defendants related to the case.

“Defendants are jointly and severally liable for disgorgement of $1,224,000,000,” the SEC wrote in the proposed judgement. As of press time, the judgement has been received by the court. Although the court has “reviewed and approved as to form” the proposed judgment, it is not yet final.

This is a developing story and will be updated.

Loading data ...
Comparison
View chart compare
View table compare
Back To Top