Telegram in a new move regarding their Ton Blockchain Network announced that decided to pay back immediately 72% of the initial  investment made for U.S investors in order to release the project. In sum, US investors must leave the project right now!

Let's Understand what's going on to make them take that decision!

Telegram is in a legal battle with the U.S regulator SEC (Security and Exchange Commission) since 2019, when the entity accused the Giant Media Message company of promoting an illegal ICO (selling unregistered Security tokens) which the company secured with $1.7 billion in order to launch their Ton Blockchain Network and distribute the GRAM tokens.

​The Investors at the time accordingly with the Telegram company agreed to receive the native tokens from the network when the TON Blockchain Network was launched, but with the involvement and legal battle with the SEC that desire is far to happen.

Last week the Company had to delay one more time the launch of the Blockchain due to a made by a Judge, who told the legal Team of the Firm that "the project will have a green light to go when all the stuff with SEC" has been solved. It's the second time that the project got postponed, the first one took place in October 2019 when the Company was "caught with the pants down" by SEC accusing them of conducting an illegal ICO and this second time the delay will be until April 30, 2021!

What solution the Telegram Proposed to Investors?!

After facing the second delay in the Launch of TON Blockchain Network the Team behind the project offered a return of the investment to Investors who don't want to wait until 2021 to have their profit back in 72% of their investment immediately (that would be around $1.2 billion that was paid initial) or stay with the Project and got paid 110% in 2021 in a series of repayments that the company have in mind also in tokens that could be GRAM or other Valuable ones promoted by the Company.

Surely Many of this Investors opted-in to the second, Telegram GRAM token have so much potential and the network of Global users reached recently 400 million and those ones a potential customers.

Conclusion.

The recent decision by the Telegram Team to pay immediately the 72% back to all US investors is a clear way to solve the issue with SEC, IF the US creditors take this refund obliviously the legal battle will be practically Over as the Company will move their market to other region where can continue with the project without facing more delays and honour the agreement with other investor that live outside US, the ones that are most affected with the issue with SEC. I believe the Legal Team advised the Company to make that decision and knowing the case since the beginning is the right call to take now!

*Republished article find also at Uptrennd platform from my authorship here.

​#stay safe and help the world with less infections by COVID-19, stay home!

**Image from Pixabay with rights for commercial purposes here.