SEC vs Telegram Group Inc

[malevolent]

One thing though, it looks like they spin everything to look likes they are the victim here and blame everyone, including the system but themselves.

I mean, they aren't wrong are they? It's the US which acts as a nanny state as to what its subjects are doing with their own money forcing almost everyone else around the world to perform KYC verifications, and even that doesn't seem to be enough anymore.

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[Baofeng]

It's now official, Telegram losses the case against SEC and the judge issued a $18.5 million civil penalty against them, and should be settled within 30 days after entry of the final judgement Here is the official documents:

https://www.courtlistener.com/docket/16325310/241/securities-and-exchange-commission-v-telegram-group-inc/

[Kemarit]

It's now official, Telegram losses the case against SEC and the judge issued a $18.5 million civil penalty against them, and should be settled within 30 days after entry of the final judgement Here is the official documents:

https://www.courtlistener.com/docket/16325310/241/securities-and-exchange-commission-v-telegram-group-inc/

It is to be expected just a matter of time how much the judge will imposed and the money they are going to give back to those investors.

For some 30 days seems to be quick, but we all know that they have the money to pay back and I think that judge has been fair with his decision here. A very expensive lessons for Telegram Group and I do hope that upcoming offerings will have to look at this case as it already set a precedence.