2020-01-07 16:51:52
The latest news about the lawsuit «SEC against TON/Telegram»
The court on the SEC lawsuit against TON will be held on
February 18. Telegram demands to dismiss the SEC lawsuit and pay compensation. The reason for rejecting the SEC lawsuit, according to the Telegram team, is the incompatibility of Gram tokens with the status of the securities. In addition to rejecting the lawsuit, the messenger’s specialists demand a compensation payment, which amount should be determined by the court.
Durov will be questioned on January 7 or 8, 2020, at a place «agreed upon by the parties» (presumably in Dubai). Telegram Vice President Ilya Perekopsky testified on December 16 in London. Shyam Parekh was also questioned in London (investors received letters about the launch of the Telegram blockchain platform on his behalf).
The SEC has attached to the case the private correspondence of John Hyman, who was actively involved in fundraising and maintained contact with more than ten investors. According to the documents, Hyman promised them that they will become the main sellers of tokens after the release, and preliminary trading will ensure the growth of Gram.
The names of some large investors became known from Hyman's correspondence:
— Hong Kong billionaire, former owner of the brands Tommy Hilfiger and Michael Kors Silas Chu;
— WordPress Creator Matt Mullenweg;
— Foursquare co-founder Navin Selvadurai;
— Co-founder and CEO of Yelp Site Jeremy Stoppelman;
— Former TechCrunch chief editor, Alexia Bonatsos.
At the moment, Pavel Durov
refuses to share the financial statements of TON.
«At present, defendants refuse to disclose financial data regarding how they spent $ 1.7 billion raised from investors over the past two years, and also to answer questions about the distribution of these funds,» the court documents said.
On the eve of the interrogation of Durov, Telegram confirmed the development of TON in its official blog. Previously, indirect confirmations that Telegram really develops TON were only contests for blockchain developers, now we have received clear confirmation on the official messenger website.
It is absolutely certain that this publication is a necessary measure, it is a kind of public offer in order to avoid potential claims from the SEC in court.
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