Pavel Durov will not have to return $1.7 billion to TON investors

Most investors have agreed to wait until April 30 - TON creators want to postpone and reschedule the platform’s official launch to this date.

We have already written that investors of TON blockchain-platform are very loyal to the project. Their confidence in the success is confirmed by the way they reacted to the US Securities and Exchange Commission (SEC) ban on the circulation of Gram tokens. Investors have decided not to demand $1.7 billion back, but to wait for the successful resolution of the situation.

In its decision, the SEC invokes the Securities Act of 1933 and requires that Gram tokens be registered under that Act. The TON developers insist that cryptocurrencies cannot be equated with securities and intend to challenge the commission's decision today, October 24. The company's lawyers want to arrange rescheduling of the platform’s official launch to April 30 in order to settle all disagreements with the regulators by then.

The project founders - Pavel and Nikolai Durov - have originally promised their investors to return their money, if the TON team fails to launch the network by October 31. Such an artificially created intrigue has been an additional investor test, and practice has shown that they have genuine confidence in the Durov brothers and are sure of the project’s good prospects.