Investors in Failed TON Project Sue Telegram

A group of investors wants compensation for the way Telegram refunded them, and is suing the company in London.

News  ·  25 May 2021

Telegram Is Nearly Done Paying Back TON Investors, Eyes IPO Next

Telegram is closing the page of its $1.7 billion token sale and paying back its last debts to the token buyers. The company just raised more funding via bonds and planning an IPO.

News  ·  12 April 2021

TON Investor Threatens to Sue Telegram if Not Compensated for £100M: Report

The investor said it would go to court if its compensation demand was not met, according to Forbes Russia.

Policy & regulation  ·  2 March 2021
Securities and Exchange Commission

SEC Commissioner Peirce Blasts Regulator’s Action Against Telegram

"Crypto Mom" took no prisoners in her fiery rebuke of the SEC's Telegram action.

News  ·  21 July 2020
Securities and Exchange Commission

Telegram’s Defeat Isn’t ‘Binding’ in Kik Case, Judge Tells SEC

Kik's proverbial day in court may take a lot longer than Telegram's, if the judge’s response to the SEC during a hearing this week is any indication.

News  ·  10 July 2020

Telegram Agrees to Pay $18.5M Penalty in SEC Settlement Over Failed TON Offering

Telegram has settled its six-month court case with the SEC, agreeing to pay $18.5 million in penalties and to notify the agency if it plans to issue another digital asset in the next three years.

Policy & regulation  ·  25 June 2020

Telegram CEO Donates 10 BTC to Pandemic Relief Effort

Telegram CEO Pavel Durov reportedly donated about $90,000 worth of bitcoin to help alleviate the financial burden of COVID-19 pandemic in Russia.

Business  ·  28 May 2020

Telegram Quits Court Fight With SEC Over TON Blockchain Project

Telegram has thrown in the towel in its court battle against the U.S. Securities and Exchange Commission and will no longer be appealing the ban on its blockchain token project.

Policy & regulation  ·  25 May 2020

Aggrieved Investors Mull Suing Telegram Over Canceled TON Blockchain Project

Some backers of the now-shelved TON blockchain project are in talks to sue Telegram over their refund structure.

Business  ·  14 May 2020

Telegram’s TON Was Built on Sand. Its Failure Isn’t All Bad For Crypto

Telegram's Pavel Durov rails against the SEC's "ossification." But his TON project was always on shaky ground legally-speaking, says Preston Byrne.

Policy & regulation  ·  14 May 2020

Telegram Abandons TON Blockchain Project After Court Fight With SEC

Telegram CEO Pavel Durov says the company is abandoning its TON blockchain project after losing an initial court fight with the SEC.

News  ·  12 May 2020

Telegram Agrees to Give SEC Bank Records, Communications in Ongoing TON Lawsuit

Telegram will fork over bank records and communications with its investors in an agreement with the SEC as part of the agency's ongoing lawsuit.

News  ·  9 May 2020

Sidestepping Telegram, Devs and Validators Launch Fork of TON Blockchain

TON Labs, a startup that helped Telegram run the test network for its blockchain network, launched its own version called Free TON Thursday, with the support of professional validators.

Tech  ·  7 May 2020

Telegram Withdraws Offer to Repay Investors With Gram Tokens

Telegram says it won't be repaying investors in its 2018 TON token sale in gram tokens, one week after saying it could do so once the network launches.

Business  ·  4 May 2020

What We Can Learn From Telegram’s Token Troubles

Telegram's success blinded investors to the risks inherent in building blockchains and raising a token sale, says a long-time observer.

Business  ·  1 May 2020