SEC Requests Telegram Banking Data as New Evidence Emerges
Cointelegraph By Andrey Shevchenko's original article for cointelegraph.com reduced by 72%
The timing of the request, filed on Jan. 10, coincides with new evidence of alleged underwriters requesting commission fees for the sale of Telegram tokens. In a conversation with Cointelegraph, Philip Moustakis, attorney at Seward & Kissel LLP and former SEC counsel, said that he believes "That the court will eventually require Telegram to turn over the bank records that the SEC seeks." The filing alleges that Telegram previously showed lack of good faith in the discovery process, which it argues "May weigh in favor of the SEC." The attorneys referenced an Oct.
2019 request for all third party agreements relating to the Telegram Open Network blockchain, which were produced only on the day of the filing on Jan. 10.
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