The founder of the Telegram messenger Pavel Durov through the court was ordered to testify about the amount of 1.7 billion dollars received from investors to create their own cryptocurrency.
The US Securities and Exchange Commission is interested in what purposes 1.7 billion dollars were used for. Their company Telegram received during the initial placement of tokens to create its own cryptocurrency Gram, but refused to disclose what it spent the money on. Then the regulator’s lawyers appealed to the court of the southern district of New York with a demand to call the head of the company Pavel Durov. The judge decided that the founder of Telegram would be interrogated in a place agreed by the parties. It will be Dubai, where the headquarters of the messenger is located. Durov will testify as a witness. It is expected that he will answer questions from the court next week, writes the online edition of Bell. Durov’s plans to create his own TON blockchain platform with the Gram cryptocurrency until the end of October last year failed.
Last fall, the US regulator asked the court to immediately suspend the initial offering of Gram tokens. The commission believes that the messenger violated the US Securities Act. As a result, she secured a temporary ban on the release of the Gram cryptocurrency.
According to media reports, more than one and a half hundred investors invested in the project, and not only from the United States. They refused to demand a refund and agreed to postpone the launch of the TON platform in April.
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