Documents filed by the U.S. Securities and Exchange Commission (SEC) with the New York City District Court indicate that ICO Telegram organizers used the services of BNY Mellon and Credit Suisse banks.
SEC accuses Telegram of tradingunregistered securities during the Gram cryptocurrency ICO. On December 9, the commissioners provided information describing the transaction process for the purchase of digital assets. According to the agency, Telegram employee Shyam Parekh told a potential investor that the funds should be transferred to the Swiss company Credit Suisse, which, in turn, will redirect the money to the Telegram account opened with BNY Mellon.
Representatives of BNY Mellon and Credit Suissedeclined to comment on information about cooperation with Telegram. However, both enterprises are developing a blockchain business. In April, BNY Mellon entered into a partnership agreement with the Bakkt cryptocurrency trading platform, and Credit Suisse Bank organized a symposium on virtual currencies, which was held in New York in November 2019. It is also worth noting that organizations are members of the Fnality consortium developing a “single settlement coin”.
Thanks to the data transmitted by the SEC, they became knownSome Gram cryptocurrency investors. In particular, the American fund Kleiner Perkins purchased coins for $ 30 million, the Chinese venture company Lightspeed China invested $ 25 million in the project, and the FBG Capital blockchain startup acquired digital assets for $ 10 million.
Several private investors gained access toICO through California-based Elysium Ventures. These included: WordPress creator Matt Mullenweg, Foursquare social network co-founder Navin Selvadurai, and Yelp search director Jeremy Stoppelman. In total, the Elysium fund bought Gram for $ 12 million. Former Telegram Investment Advisor John Hyman said the Telegram Open Network (TON) project has also received funding from residents of the CIS, Israel and “Pavel Durov fans”.
On December 6, the SEC filed a petition with the court askingbring the High Court of England and Wales to trial to obtain testimony from Hyman and documents relating to the Gram presale. The hearing of the SEC lawsuit against Telegram is scheduled for February 18 and 19. The court will be attended by Telegram CEO Pavel Durov, messenger vice president Ilya Perekopsky and director of the investor relations department Shiam Parekh.