Telegram’s Court Case Has Identified Several Investors Published by Mike Dalton cryptobriefing.com Telegram’s Court Case Has Identified Several Investors CryptoBriefing via cryptobriefing.com Recent developments in Telegram’s legal battle have revealed the names of investors who participated in the company’s multi-billion dollar token sale in 2018, as first reported by CoinDesk on Jan. 27. Much of the SEC’s case revolves around the question of whether Telegram ran its token sale in order to fund the development of its blockchain. For example, Durov highlighted Malka’s blockchain experience as evidence that investors were in a position to make full use of Telegram’s token: Individuals connected to the VC firms listed above submitted their own testimony as well. In a recent amicus brief, the Blockchain Association argued that Telegram’s token sale was a contract between “sophisticated private parties,” and that the SEC’s crackdown has done needless harm.