Telegram will transfer SEC documents on ICO TON

Telegram has agreed to provide the SEC with documents related to the 2018 ICO and the sale of Gram tokens, andadditional bank statements.

Telegram signed a transfer agreementdocuments on the ICO conducted in 2018, which the US Securities and Exchange Commission (SEC) demanded as part of a lawsuit initiated by the regulator last fall. The documents relate to the distribution of Gram tokens and purchase agreements related to the 2018 Initial Token Offering (ICO).

Telegram agreed to provide SEC "messagesof any agreements proposed or concluded with the original purchasers of Gram tokens by May 20. The company will also provide the regulator with additional banking information and answer questions regarding the financial statements that were submitted earlier.

Regulator will be provided with data “on anyassets transferred to original buyers in accordance with purchase agreements and assets received from buyers in connection with termination of agreements. ” Telegram also agreed to disclose documents at the February request of the SEC.

In late April, Telegram postponed a second timelaunch of the TON blockchain, moving it to April 2021. Then the company said that investors can get up to 72% of their investments back right away, or return 110% of their investments in a year.

However, a few days later Telegram changedconditions for the return of funds, according to which it will not return investments in Gram tokens or other crypto assets due to regulatory problems, and American investors will receive up to 72% of investments in the near future.

The transfer of the launch date of the TON blockchain did not preventThis week, an independent group of developers, validators and users of Free TON Community will launch the Free TON blockchain based on Telegram developments, but without the participation of the company. Thus, the community reaffirmed its statement in March. Then representatives of the TON Community Foundation said that an American court could ban Telegram from launching its blockchain, but it could not stop other people from doing it.

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