TON investors: Telegram project is likely to be launched

The Telegram Open Network (TON) network is most likely to be launched, however, without the participation of American investors, participants who have funded the platform said. It is noted that their continued participation in the project remains in doubt due to a lawsuit initiated by the US Securities and Exchange Commission (SEC).

According to some participants in the project, at the moment they are afraid of becoming accomplices in the lawsuit. Recall that the development of the network had to be suspended due to a trial initiated by SEC last fall. According to the lawsuit filed, the Gram token developed by the messenger should be recognized as a “security” in accordance with national law. In addition, it was pointed out that it was illegally distributed to 175 investors as part of the ICO in 2017. Then the company managed to attract about 1.7 billion dollars. According to the agreement, if the Telegram Open Network is not launched on time – until April 30, the team of Pavel Durov is obliged to return to investors about 72% of the funds invested in the project.