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Wireless

Telegram to return USD 1.2 bln to investors, pay USD 18.5 mln penalty under SEC settlement

Monday 29 June 2020 | 11:42 CET | News
The US Securities and Exchange Commission announced court approval of settlements with Telegram to resolve charges that Telegram's unregistered offering of digital tokens called "Grams" violated the US federal securities laws. The company agreed to return more than USD 1.224 billion to investors and to pay an USD 18.5 million civil penalty.

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Categories: Mobile & Wireless
Companies: Telegram
Countries: United States / World
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