In the U.S., the trial of Pavel Durov Telegram and the U.S. Securities and Exchange Commission (SEC), which began in October 2019, has ended. The commission sued a Russian entrepreneur after Telegram raised $ 1.7 billion to develop its TON blockchain project. Now, at $ 1.224 billion of this amount, Durova must return to investors and pay the SEC a fine of 18.5 million.
In May, Telegram announced the completion of work on TON. And the result of the lawsuit was the company’s signing of a settlement agreement with the United States Securities and Exchange Commission.
Pavel Durov Since the review of the trial was meaningless, we decided to complete it and fulfill our obligations, wrote Pavel Durov in his telegram, expressing the hope that in the future the United United will become more friendly to blockchain projects.
In 2018, Durov raised $ 1.7 billion from 175 investors to develop the new TON blockchain platform and the Gram cryptocurrency.
Based on materials: www.spletnik.ru