Apr 30, 2020
Messaging app Telegram postponed the launch of its TON blockchain on Wednesday, triggering a costly clawback clause in its agreement with investors.
Developers are discussing ways to launch Telegram's blockchain without the messaging app company's participation, following a court order tying its hands.
Some backers of the now-shelved TON blockchain project are in talks to sue Telegram over their refund structure.
Telegram has revealed more details about its TON blockchain's block validation process, even as it fights the SEC in court over its $1.7 billion token sale.
TON investors received emails from the Telegram core team Wednesday seemingly confirming the $1.7 billion blockchain's Oct. 31 launch date.