Forbes reports that on February 6, 2022, the London Court of International Arbitration dismissed the claim of mobile app developer Zotobi Management Limited.
It was sent to two Telegram Group Inc. companies. and TON Issuer Inc. In 2018, the owner of Zotobi Management Limited, Igor Chuprin, invested $1 million in Pavel Durov’s TON cryptocurrency, and in May the project closed. The plaintiff sought compensation in the amount of $280,000.
Chuprin said that he “in a hurry” decided to invest in TON and did not read the documents for investors listing the risks. At the same time, he insisted in the lawsuit that he did not receive documents listing risks from Telegram. Perekopsky told the court that Telegram did not track the sending of these documents, and perhaps they did not reach Chuprin.
The court decided that the head of Zotobi either assumed all the risks in advance, or got acquainted with them, since they were distributed in the public domain. The documents bear his signature. Despite the SEC ban, Telegram could still launch TON outside the US and distribute Gram to investors from other countries.
As a result, the court rejected all claims and ordered to cover Telegram’s legal costs for $700,000 and court costs for £55,944. [Forbes]
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He knew about all the risks.
Artyom Bausov
@Dralker
Head of news, clickbait and typos. I love electrical engineering and do fire magic. Telegram: @TemaBausov
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