John Hyman apparently knew quite well Telegram might be offering a security, and the SEC case looks to be built on his work.
Telegram CEO Pavel Durov and two employees will have to give their side of the story to keep the TON project alive.
Investors in messaging app Telegram have agreed to a plan that would delay the launch of their native token TON.
Telegram was set to take on the U.S. Securities and Exchange Commission in court this Thursday, but it now looks like it’s going to have to wait.
Telegram was recently orderd to bring to a halt its activity surrounding the TON (Telegram Open Network) and associated Gram cryptocurrency.
After the SEC obtained a restraining order against the launch of the TON network, Telegram is now asking its investors to consent to the extension of the deadline.