Telegram to Raise $850 in Second Round of ICO

This amount is taken from the Pavel Durov's report to US SEC
30 March 2018   1548

CEO Telegram Pavel Durov reported to the Securities and Exchange Commission (SEC) on attracting $ 850 million from 94 investors in the second phase of the closed ICO of TON project. The minimum investment amount was $ 1 million. The document is published on the SEC website.

Earlier in the pre-sale phase, Telegram attracted $ 850 million from 81 investors. At the pre-sale stage, some sources claimed that Telegram received bids for $ 3.8 billion.

The fact that Telegram will hold the second round of tokensale known at the end of February. On it the command of the messenger planned to collect up to $ 1.7 billion.

According to Vedomosti which refer to the investor, whose fund participated in the completed stage, the messenger plans to hold the third round of investments before the end of the year, but its terms are still unknown. The price of the token during the third round will be above $ 2, he assures.

According to the latest version of the whitepaper of the messenger, as early as the first quarter of 2018 the messenger should provide a service for external authentication of Telegram External Secure ID users - in the future, it will allow purchasing the cryptocurrency without additional personal confirmation. And in the II quarter of 2018, Telegram promised to launch testing of the minimum viable version of the TON blockchain platform.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   197

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.