SEC obtains temporary restraining order against Telegram’s token sale

SEC obtains temporary restraining order against Telegram’s token sale – SiliconANGLE

The U.S. Securities and Exchange Commission has obtained a temporary restraining order against Telegram Group Inc. over its 2018 TON blockchain token sale, claiming that the offering was an unregistered security. Telegram, best known for its messaging app, launched its token sale in January 2018 before closing the offering in May 2018, having raised $1.7 billion in pre-sales.