Devs Plot Launch of Telegram’s Blockchain Without Company’s Involvement
Developers are discussing ways to launch Telegram's blockchain without the messaging app company's participation, following a court order tying its hands.
Telegram's Pavel Durov rails against the SEC's "ossification." But his TON project was always on shaky ground legally-speaking, says Preston Byrne.
Messaging app Telegram postponed the launch of its TON blockchain on Wednesday, triggering a costly clawback clause in its agreement with investors.
Some backers of the now-shelved TON blockchain project are in talks to sue Telegram over their refund structure.
Telegram lost another round in court against the SEC and now can’t launch its $1.7 billion token sale. What does it mean for the crypto industry and other startups that sold tokens?
A federal judge denied Telegram's request to issue Gram tokens to non-U.S. investors.