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Promote with Leviathan NewsTelegram took the exit ramp after its SEC injunction, abandoned its TON project and agreed to return more than $1.2 billion to investors on [June 26, 2020](https://www.sec.gov/newsroom/press-releases/2020-146). Rippleβs $150 million fight produced Torresβs transaction-level split, where institutional XRP sales were investment contracts but blind exchange sales were not; the $125,035,150 penalty and injunction remained intact when both appeals were dismissed on [Aug. 7, 2025](https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26369).
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