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Telegram Tells US Investors to Leave TON Blockchain Project and Take 72% Refund

Soon after Telegram missed the 30th April 2020 deadline to launch the Telegram Open Network (TON), the company has sent another letter to its investors. 

Telegram’s blockchain project has been delayed for more than a year as the company continues to battle the U.S Securities and Exchange Commision (SEC) for their 2018 ICO which the regulator deemed as the sale of unregistered securities.
Faced with more delays to the launch of TON, Telegram has now informed US investors that they must exit the project and accept a refund of 72 cents for every dollar of their initial investment.

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