SEC
Whistleblower
Attorneys

June 26, 2020

Telegram Group Inc., TON Issuer Inc

Trading and Pricing

SANCTION AMOUNT: $1242500000

Defendants: Telegram Group Inc., TON Issuer Inc

Defendants Telegram Group and its wholly owned subsidiary were charged with conducting an unregistered offering of digital tokens called "Grams," intended to finance development of their own blockchain called the "Telegram Open Network” and a mobile messaging application. They agreed to disgorge proceeds of over $1.2 billion and pay a civil penalty of $18.5 million.

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