Six investors who invested in the TON blockchain developed by Pavel Durov and his team filed non-disclosure petitions in the lawsuit of Telegram and the US Securities and Exchange Commission (SEC).
The Court Listener project has published 38 documents, which include applications and related letters. Investors of Durov’s blockchain asked the court to prevent the disclosure of their names and trade private data of third parties.
Although all documents, in this case, should be publicly accessible by default, the list of exceptions may include data that are not important for the outcome of the case but are confidential to private individuals.
According to Buzko Legal Services, the court will most likely satisfy these petitions, since neither Telegram nor SEC opposes them.
Pavel Durov was supposed to launch the TON blockchain platform and the Gram cryptocurrency by October 31, 2019. The US Securities and Exchange Commission intervened in Durov’s plans. The SEC filed a lawsuit because it considered the sale of the Gram cryptocurrency to be a securities transaction. Durov postponed the launch of the platform to April 30, 2020.
Let us remind you that the next hearing in the case of the SEC and Telegram should be held on February 18 and 19, 2020.
Earlier, we wrote about a third party that intervened in the proceedings of Telegram and the SEC.