Post
Topic
Board Altcoin Discussion
Re: Telegram (TON) project has been halted by SEC
by
BlackFor3st
on 12/10/2019, 12:46:18 UTC
https://www.sec.gov/news/press-release/2019-212

Should we assume the project is dead?

I was about to reserve $500 worth of GRAM tokens on Crypterium or some exchange, but at this point i think it's not advisable.
What do you suggest ?

This is bad, I guess they need to settle it immediately or else this project will be considered as dead. It was stated that they it was not registered and they were able to raise 1.7$ billion dollar for less than 2 years as they started the fund raising last January 2018.

I am wondering, why for almost 2 years the SEC didn't release it earlier and they only release it yesterday "October 11, 2019".
(The complaint alleges that defendants failed to register their offers and sales of Grams, which are securities, in violation of the registration provisions of the Securities Act of 1933.). If they can solve this issue , I am pretty sure they can continue the project smoothly.