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Court Postpones TON Hearing Till February, Impatient Investors May Get 77% Back



The New York court reviewing Telegram’s contested coin offering in the U.S. has postponed a scheduled hearing on the case till February. The defendants, Telegram Group and its subsidiary TON Issuer, have been banned from distributing and selling the tokens. Investors who don’t want to wait for the launch of the blockchain project can receive 77% of their money back if they form a majority.

Also read: Bittrex Pulls Out of 31 Markets Citing Regulatory Uncertainty

‘Positive Step’ Gives Telegram Time to Prepare Defense

In a move that Telegram described as a positive step, the District Court of the ...

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