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SEC Wins Injunctive Relief To Prevent Telegram’s Distribution of $1.7B Worth of Cryptocurrency

In 2018, Telegram - which was formed in 2013 and quickly became known for its Telegram Messenger app - sold $1.7 billion worth of Grams to 175 entities and high net-worth individuals (the “Initial Purchasers”). Telegram and...more

SEC Wins Injunctive Relief to Prevent Telegram's Distribution of $1.7 Billion Worth of Cryptocurrency

In a recent decision in Securities and Exchange Commission v. Telegram Group Inc. and TON Issuer Inc., the United States District Court for the Southern District of New York granted a motion for a preliminary injunction by...more

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