Telegram represents lawyer: SEC requires Telegram to submit ICO-related data as unfounded phishing action

According to foreign media today, on January 3, in a letter to J. Kevin Castel, Telegram's representative lawyer requested the U.S. court to reject the US Securities and Exchange Commission's request to disclose financial data related to ICOs. . The lawyer described this SEC request as unfounded fishing. Counsel claims that the SEC's attempt is to force Telegram to hand over a large number of highly sensitive bank records that have little to do with claims and defenses in the lawsuit. The SEC's move has placed an unnecessary burden on the defendants.