Telegram Rejects SEC Request to Hand Over Bank Records for TON

Telegram Group, the corporate behind the TON blockchain venture, has reportedly refused to share data with the SEC displaying how a lot it spent of the $1.7 billion raised from buyers prior to now couple of years and the place. In a current court docket submitting, the securities regulator alleges that Telegram has declined to present financial institution information related to the case it has been pursuing since final fall.

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Messenger Unwilling to Disclose Monetary Data

In accordance to the U.S. Securities and Trade Fee (SEC), Telegram isn’t keen to disclose monetary paperwork and reply questions that will’ve shed extra mild on the disposition of investor funds. The SEC needs the data earlier than the testimony of three Telegram workers, together with CEO Pavel Durov, scheduled for subsequent week. The regulator believes it’s related to the case it filed towards the operator of the favored…

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