The Co-Founder of Telegram Messenger Pavel Durov has announced the closure of the Telegram Open Network (TON) project.
As the main reason for the closure Durov cites a US court which "stopped TON from happening."
Durov also reminded the US court declared that Grams couldn't be distributed not only in the United States, but globally.
"I am writing this post to officially announce that Telegram’s active involvement with TON is over. You may see – or may have already seen – sites using my name or the Telegram brand or the "TON" abbreviation to promote their projects. Don’t trust them with your money or data," Durov said in an official announcement.
In 2018 via two private placements Telegram attracted from several investors $1.7 billion for its blockchain.
Previously iHodl reported that the Free TON community, which is made up of an independent group of developers, validators and software users, launched the Free TON Blockchain and its native token TON Crystal (TON).
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