Telegram has been ordered to pay over $620,000 in legal costs to Lantah, the firm Telegram sued over the use of the GRAM ticker.
Lantah LLC, founded in 2017 by Daniel Jeffery, is a small company that wants to create a “global borderless marketplace” for cryptocurrencies.
The startup was sued in May 2018 by Telegram over the use of the “GRAM” ticker on the back of the Telegram Open Network (TON) project, in which the secure messaging service secured over $1.7 billion from investors by selling GRAM tokens during an Initial Coin Offering (ICO).
See also: New Windows RAT can be controlled via a Telegram channel
Telegram accused Lantah of copyright infringement, false designation of origin, and unfair competition. Lantah countered with the argument that the trademark had already been filed with the US Patent and Trademark Office (USPTO) in 2017, as noted by Coin Telegraph.
The battle continued in