Telegram will not have to return money to investors due to problems with the SEC. If the developers of the blockchain project Telegram Open Network (TON) postpone the launch of the main network amid a conflict with the US Securities and Exchange Commission (SEC), investors may not be refunded, some reports say.
Some experts indicate certain points in the Gram investment agreement. This situation is equated with force majeure: the issue of tokens is not approved by government agencies, thus all risks connected with the purchase of tokens rest with investors. The agreement indicated warnings for US residents, in particular, that the sale of Gram was not registered with the SEC.
Earlier, the SEC suspended Telegram’s ICO. TON developers told investors that they could postpone the launch date of the main network amid a conflict with the SEC for 12 months.