Telegram cryptocurrency investors have asked the court not to disclose their identities

Personal information is not important, and its publication may harm the legal process, it sayspetition.

Six investors who invested in a blockchain startupTON, filed a non-disclosure petition in a proceeding between Telegram and the US Securities and Exchange Commission (SEC). This information is irrelevant and could be detrimental to the nature of the judicial defense, according to a series of 38 documents published by the Court Listener, Vedomosti reports.

The application states that Telegram lawyersthey ask the US court to allow investors to remain under a pseudonym for the duration of the proceedings and exclude the names and other personal information contained in them. This is possible when the information is not so important for the outcome of the case, and the privacy interests of individuals are significant, explained Yevgeny Krasnov, licensed New York State lawyer and head of international dispute practice at Buzko Legal. According to him, the request will most likely be granted, since neither Telegram nor the SEC are opposed to this.

At the same time, Telegram co-founder Nikolai Durovpublished a technical document on the consensus device in the TON blockchain on the official website of the project, called Catchain. It is based on the PoS algorithm, which is similar to the NEO and Cosmos protocols.

The document says that for the first time the algorithm wasimplemented in the TON blockchain in December 2018 and distributed over 300 nodes scattered around the world. Testing showed that the cryptocurrency network is capable of generating new blocks every four to five seconds, as originally planned, Durov wrote.

On January 28, the SEC refused to consider the Telegram cryptocurrency a commodity. Gram tokens are a security, and denying this is an attempt to avoid economic truth, the agency explained.

</p></p>