Telegram Investor Documents Say BNY Mellon, Credit Suisse Helped Process $1.7B ICO
Telegram told investors it was using Wall Street megabanks BNY Mellon and Credit Suisse to move and store fiat currency raised in last year’s blockchain token sale, court filings show.
On Monday, the Securities and Exchange Commission (SEC) filed a proposed order with the U.S. District Court for the Southern District of New York to request the British High Court’s assistance in getting the testimony of Telegram’s former chief investment advisor, John Hyman.
It followed a similar filing on Friday from the SEC, which has accused Telegram of selling unregistered securities and is seeking to block the issuance of the Telegram Open Network (TON) project’s tokens