As the Moscow Times expected [6] and everyone now reports [2,3,4,5] Telegram cancels its TON project. The reason cited is the SEC’s stance on the project and the on-going court case. For the STO market this sends mixed messages.

  1. https://telegra.ph/What-Was-TON-And-Why-It-Is-Over-05-12
  2. https://techcrunch.com/2020/05/12/telegram-abandons-its-ton-blockchain-platform/
  3. https://www.theverge.com/2020/5/12/21256407/telegram-cryptocurrency-shutdown-sec-gram
  4. https://cointelegraph.com/news/breaking-telegram-abandons-telegram-open-network-and-gram-tokens
  5. https://www.coindesk.com/telegram-abandons-ton-blockchain-project-after-court-fight-with-sec
  6. https://www.themoscowtimes.com/2020/05/08/will-telegram-ever-launch-its-ton-blockchain-platform-a70221
  7. https://en.bitcoinwiki.org/wiki/TON

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