Telegram decided to close the TON blockchain project

Pavel Durov announced the termination of work on the Telegram Open Network project due to litigation with the US Securities and Exchange Commission (SEC).

The main reason for this decision was an injunction against the distribution of tokens, which disrupted the team’s plans and investor relations. Durov also added that the US, through the dollar, can easily exert direct pressure on financial and technology companies in other countries, effectively controlling them..

In his announcement, he also touched on the topic «followers» TON who can start using a brand or its technology to promote their own products. Pavel Durov urged not to trust them with your money and data, since no one from the development team has anything to do with any of these projects.

Telegram decided to close the TON blockchain project

The head of Telegram at the end of the message wished good luck to all those who want to achieve decentralization, equality and equality in the world. Calling this fight the most important battle of our generation.

text: Ivan Malichenko, photo: digitaloceanspaces

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