SEC vs Telegram: Telegram withholds ICO financials from SEC

The SEC vs Telegram legal scuffle has taken another twist today as the instant cloud messaging app decides not to share its controversial ICO financial details with the U.S. Securities and Exchange Commission (SEC), Finance Magnates reported today. After garnering over a billion dollars through two token sales conducted in 2018 in an attempt to develop and promote Telegram Open Network (TON) blockchain, the popular social media app attracted a lot of limelight. Within no time, it got itself involved in a legal battle with the US federal agency over illegally conducting the token sales and refusing to comply with