Skip to Content

Carlton Fields Blockchain Attorney Andrew (Drew) Hinkes Quoted in Media on Telegram’s Delayed Blockchain Launch
April 30, 2020

Carlton Fields blockchain attorney Andrew (Drew) Hinkes was quoted in Coindesk on the messaging app Telegram’s decision to postpone the launch of its TON blockchain. The delay follows a court battle with the U.S. Securities and Exchange Commission, which resulted in an injunction. Hinkes discussed the possible consequences of violating the injunction with a launch.

"If the Court finds that the injunction was violated (whether intentionally or otherwise) it has broad discretion to fashion a remedy that would either coerce compliance or compensate the party seeking to enforce the injunction, including fines and incarceration," Hinkes told Coindesk.

READ: Coindesk, “Telegram Caves to US Regulators: Delays Blockchain Launch, Offers to Return $1.2B to Investors”
Related Practices
Blockchain and Digital Currency

Disclaimer

The information on this website is presented as a service for our clients and Internet users and is not intended to be legal advice, nor should you consider it as such. Although we welcome your inquiries, please keep in mind that merely contacting us will not establish an attorney-client relationship between us. Consequently, you should not convey any confidential information to us until a formal attorney-client relationship has been established. Please remember that electronic correspondence on the internet is not secure and that you should not include sensitive or confidential information in messages. With that in mind, we look forward to hearing from you.