Telegram to Pay $18.5 Million to Settle SEC Charges
Telegram Group Inc. and a subsidiary agreed to pay an $18.5 million civil penalty and return about $1.22 billion to investors to settle charges that it violated investor-protection laws, the U.S. Securities and Exchange Commission said. The settlement is the latest and likely final chapter in one of the biggest cryptocurrency cases brought by the SEC-one that tested the regulator’s enforcement of cryptocurrency regulations.
