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.
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.
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.
Telegram CEO Pavel Durov says the company is abandoning its TON blockchain project after losing an initial court fight with the SEC.
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.
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.
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.
Messaging app Telegram postponed the launch of its TON blockchain on Wednesday, triggering a costly clawback clause in its agreement with investors.
Blackmoon Crypto, a small exchange hoping to grow its clientele by becoming the first to list Telegram's tokens, is shutting down just weeks after a judge barred any token issuance.
A federal judge denied Telegram's request to issue Gram tokens to non-U.S. investors.
Telegram has asked a court to clarify if it can still issue its tokens to non-U.S. investors after a preliminary injunction blocked the issuance in the U.S.
Developers are discussing ways to launch Telegram's blockchain without the messaging app company's participation, following a court order tying its hands.
A Russian government agency has requested contractor bids to find ways to block censorship-resistant internet tech, including one blockchain: Telegram's.
In his first public comments on the case, federal judge P. Kevin Castel called on Telegram and the SEC to consider the "economic realities" of the case such as the gram token’s secondary market.