SEC Halts Offering Alleged $1.7 Billion Unregistered Digital Token

The SEC stated, “Telegram Group Inc. furthermore, its auxiliary sold roughly 2.9 billion computerized tokens called “Grams” at limited costs to 171 starting buyers around the world, including more than 1 billion Grams to 39 U.S. buyers”

The Investigation of the case is directed by Daphna A. Waxman, Morgan B. Ward Doran, and John O. Enright of the SEC’s Cyber Unit under the supervision of Carolyn Welshhans and Lara Shalov Mehraban and Jorge G. Tenreiro and Kevin McGrath will lead the case.

New Source: Thecoinrepublic

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