According to a Forbes Russia report, most of the investors of Telegram’s blockchain network have agreed on the postponement of TON’s launch. Earlier, the messaging giant had proposed a deal to investors in which they could either wait till 30th April or get 77% of the money they invested back.
The report cites its sources who confirm that the company will issue the official statement today. Today was supposed to be the hearing of the case, but the court postponed the date to Feb 2020. US SEC had obtained a temporary restraining order from the court to halt the issuance of Gram tokens.
US SEC has alleged that Telegram raised over $1.7 billion in an illegal coin offering. Telegram, in its reply, said that Gram is not a security, and the ICO was not unlawful. A clause in the purchasing document shielded the company from refunding 100% money back to investors.