In the light of recent events, some of the Telegram Open Network investors are already inclined to exit the project and return 72% of the invested funds.
Head of the crypto investment bank Hash CIB Yakov Barinsky told TASS that at least 10 TON investors are ready to collect the remaining refund amount if by April 30 the launch of the project will never take place. According to him, given the recent events in the financial markets, such a prospect looks much more attractive than in October 2019..
Since the US court has already previously recognized the Gram tokens securities, then for their distribution among American investors, the company will have to register them with the SEC and conduct an IPO, which will take some time. This will require once again to persuade depositors to defer.
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If only American investors are withdrawn from the project for a timely launch, then lawsuits may follow. At the same time, lawyers doubt that the appeal will be beneficial.
text: Ivan Malichenko, photo: motleyfoo