Some backers of the now-shelved TON blockchain project are in talks to sue Telegram over their refund structure.
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.
A federal judge denied Telegram's request to issue Gram tokens to non-U.S. investors.
Developers are discussing ways to launch Telegram's blockchain without the messaging app company's participation, following a court order tying its hands.
Roman Abramovich, owner of the Chelsea soccer club, invested $10 million in Telegram’s $1.7 billion token sale through a British Virgin Islands-based entity, court papers indicate.
A U.S. judge has asked lawyers from the Commodity Futures Trading Commission (CFTC) to provide an opinion in the case brought by the Securities and Exchange Commission (SEC) against Telegram's $1.7 billion token sale.
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.
The messaging app company and the SEC will now meet next February to debate the regulator's claim the gram token is a security.
Telegram's new blockchain project will be able to support dapps built for ethereum, says TON Labs CEO Alexander Filatov.