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Tag Archives: Telegram

Telegram’s Bank Records Related to Gram ICO Are to be Released to U.S. SEC

Telegram’s bank records are going to be released to the United States Securities and Exchange Commission (SEC). This reversal in the case came as a shock to many. The current ICO misconduct court case has taken another dimension. This change came as in a filing yesterday the Court of the Southern District of New York (SDNY) gave Telegram time till February 26 to release them.The filing will also allow the removal of information. This is for privacy reasons. It is also in line with the privacy...

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Lazarus Utilizes Telegram to Make Off with Your Digital Assets

The North Korea-based hacking group Lazarus appears to be coming back, and this time, it’s allegedly using the encrypted messaging service Telegram to steal your cryptocurrency.Lazarus Is Bigger Than EverThe news comes by way of cybersecurity firms Kaspersky Labs, which stated recently that the group is taking “more careful steps” to ensure it can steal users’ data or digital funds without raising too many red flags. Researchers are calling the new attack wave “Operation AppleJeus Sequel,” a...

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Court Rejects SEC’s Attempt to Obtain Telegram’s Full Gram Token Sale Bank Records

It has become known that Judge P. Kevin Castel taken a decision to deny without prejudice SEC’s letter which was aimed at revealing the full bank records of Telegram. To deal with this issue the court chose a variant of having a phone call with the participation of all the parties of this dispute.The dispute has arisen as the SEC tries to insist that the Gram token sale that was held by Telegram and that brought the company approximately $1,7 billion from investors was an unregistered...

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Telegram Won’t Have To Show The SEC Its Bank Accounts, Court Rules

Telegram appears to have caught a break with the recent case filed by the U.S. Securities and Exchange Commission (SEC). The company recently refused to share its financial records with the market regulator, and now the New York court has ruled against SEC’s demand.SEC Request DeniedThis year started on the wrong foot for Telegram, as the SEC recently requested the firm’s financial records to explain what it did with the $1.7 billion raised for the TON blockchain. As Cryptopotato reported,...

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Telegram Shares Details about Forthcoming Gram Tokens and TON Blockchain

Telegram has released an official notice about its TON blockchain and Gram tokens. The blog post on the company’s website includes important details about what should be expected by the Telegram community.Telegram has been embroiled in a legal battle with the SEC over several details regarding its Gram tokens. The scuffle between both parties is still quite heated and doesn’t seem to be nearing a resolution anytime soon. Regardless, Telegram decided to make a few things clear as the community...

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Poloniex Demands Action from Customers Following Security Breach

U.S. cryptocurrency exchange Poloniex has suffered a data leak and is enforcing a mandatory password change for all its users to prevent hackers from gaining access to their accounts.Poloniex Is Warning All Its UsersThis seems to happen a lot in the crypto world. Either it’s people’s money that’s vulnerable, or it’s their private data. Either way, it looks like Poloniex has put out a message to all its customers demanding that they change their passwords immediately to prevent cyberthieves...

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Telegram Founders Refuse to Report to SEC on How They Spent $1.7B Raised in ICO

On Thursday, TON founders received an order to open their TON ICO documents to the investigators. The order came via a court filing by the U.S. regulator. Per the document:“Plaintiff respectfully moves to compel Defendants to answer questions and provide documents regarding the amounts, sources, and use of funds raised from investors in connection with the unregistered sale of securities at issue in this case.The requested bank records are highly relevant to the issues in dispute in this...

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Telegram Refuses To Share Financial Records With SEC

The case between the U.S. Securities and Exchange Commission (SEC) and the encrypted messaging platform Telegram takes another turn. The latter has reportedly refused to hand over financial details regarding its ICO from two years ago, which was recently requested by the market regulator.Telegram Does Not Want To ShareAfter raising over a billion dollars in two token sales in 2018 for the development of its Telegram Open Network (TON) blockchain, the company attracted a lot of attention to...

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Cryptocurrencies Work Thanks to Key People, Not Blockchains

The outsiders may believe fancy Telegram graphs showing Bitcoin‘s decentralization levels and metrics. However, many of that stats supply data from a parallel reality. Because you cannot claim full decentralization when the majority of the industry is maintained by the same three to five companies. The will of the investors, not the cyberpunk spirit, changes the price of coins or destroys companies.There are at least seven influential people in the crypto space, including investors and...

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ECB Embraces Own Stablecoin Dismissing Bitcoin’s Classic Principles

European Central Bank’s head (and former International Monetary Fund’s head) Christine Lagarde said that the stablecoins market is gaining momentum and the officials need to keep up with changes:“My personal conviction is that giving the developments we are seeing, not so much in the bitcoin segment, but in the stablecoins projects. And we only know of one at the moment but there are others, being explored and underway at the moment. We’d better be ahead of the curve if that happens. Because...

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