Telegram or leverages New York Mellon Bank and Credit Suisse to process token sale funds

On Monday, the US Securities and Exchange Commission (SEC) filed an application order with the US District Court for the Southern District of New York, asking the British High Court to assist John Hyman, the former chief investment adviser for Telegram, to testify. Prior to this, the US SEC filed a similar document on Friday accusing Telegram of selling unregistered securities and seeking to stop the issuance of Telegram Open Network (TON) project tokens. Attached to the new document is the Telegram information exchange between Hyman and some investors. In a chat, Telegram employee Shyam Parekh explained to investors how the funds should reach the company. Parekh said Telegram will receive the funds through BNY Mellon and then forward the funds to CS (Schweiz) AG for final transfer to Credit Suisse. They also provide an international bank code for transferring funds to Credit Suisse via the Swift network. In response, New York Mellon Bank and Credit Suisse declined to comment.