February 5, 2023

SEC asks UK authorities to assist Telegram officer

The US Securities and Exchange Commission (SEC) asked the Supreme Court of England and Wales to force the former Telegram's chief investment adviser to testify in the Gram token offer case.

SEC request was disclosed in documents filedRegulator to the US District Court for the Southern District of New York. In November, it became known that the founder and CEO of Telegram Pavel Durov and two other company employees in December and January will testify on the SEC lawsuit against Telegram at the request of the court. Earlier, the consideration of the SEC lawsuit against Telegram was postponed to the next year.

According to the application, the SEC wants to receive evidenceJohn Hyman due to his participation in the sale of Telegram tokens for $ 1.7 billion last year. He reportedly talked to "over a dozen" Telegram Open Network (TON) investors. According to the documents, Telegram CEO Pavel Durov identified him in January last year as the person who "controls the distribution of Gram tokens."

SEC approached UK authorities witha request to send a request for testimony by Hyman, since he is a British citizen and lives there. According to the application, the SEC attorney had previously contacted Hyman's attorney, and he agreed to appear to voluntarily testify.

However, later Hyman's lawyer allegedly"Refused to answer numerous phone calls and emails regarding Mr. Hyman's testimony." In addition to the testimony, the SEC wants to receive copies of Hyman's correspondence with the management and investors of Telegram, documents on his work in Telegram and data on his own investments in Gram.

The American regulator dealt an unexpected blow topreparing for the launch of the TON blockchain in October, accusing Telegram of unregistered sale of tokens a year and a half after the ICO. Telegram agreed to postpone the launch of the project, which had previously been planned for the end of October, until April 2020. TON investors approved the launch transfer, refusing to refund pending settlement of disputes with the SEC.