The United States’s Securities and Exchange Commission, or SEC, has filed a proposal for final court judgement in regard of the terminated Telegram Open Network project.
“Defendants are jointly and severally liable for disgorgement of $1,224,000,000,” the SEC wrote in the proposed judgement. As of press time, the judgement has been received by the court. Although the court has “reviewed and approved as to form” the proposed judgment, it is not yet final.
This is a developing story and will be updated.