Halts

Judge Halts Telegram Token Issuance in Injunction Requested by SEC thumbnail

Judge Halts Telegram Token Issuance in Injunction Requested by SEC

sued Telegram in October 2019, alleging the company violated federal law when it raised nearly $2 billion in a 2018 token sale.“The Court finds that the SEC has shown a substantial likelihood of success in proving that the contracts and understandings at issue, including the sale of 2.9 billion Grams to 175 purchasers in exchange…