Russian traders within the failed Telegram Open Community (TON) token launch mentioned they’ve reported a British brokerage they mentioned is withholding nearly USD 1.5 million of their funds to the Moscow-based federal investigating authority.
Per a Telegram publish from Baza, the group has taken its case to the Investigative Committee of Russia after alleging that an unnamed UK-based firm that seems to have brokered funds for quite a few Russian traders refused to pay them again in full.
The traders say that they invested nearly USD 12 million within the Telegram non-public preliminary coin providing (ICO), which raised a complete of USD 1.7 billion. As beforehand reported, Telegram has now deserted TON following American regulatory intervention, agreeing to pay traders again as per the phrases of funding contracts.
Nonetheless, the group mentioned the UK-based agency has solely stumped up some USD 10 million, regardless of receiving a full refund from Telegram, and is retaining the remaining as a “fee price.”
The traders have launched a bid to sue the corporate for “large-scale fraud”-related offenses with the Investigative Committee, a physique arrange in 2011 by then-President Dmitry Medvedev. The Investigative Committee has reportedly begun an audit.
RBC quotes Yevgeny Krasnov, a licensed New York State lawyer and the pinnacle of worldwide authorized affairs at Buzko Authorized, as stating that the agency in query was seemingly an funding fund operator that manages belongings.
Late final month, Telegram CEO Pavel Durov acknowledged that he had already paid again traders to the tune of round USD 1.2 billion.
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