January 3, 2020 Telegram refuses to release bank records related to ICO case.

Court filings from Thursday show the SEC claiming that Telegram would not reveal bank records showing how it spent the $1.7B it raised during a 2017 ICO. The SEC sued Telegram in 2018, claiming it illegally sold securities. Investors in the ICO recently agreed to let Telegram postpone the release of its blockchain project until April of 2020.