Earlier today, Investors in Telegram stated that the company would postpone the launch of the blockchain network called TON, according to two sources close to the matter.
Most of the investors in the company would not demand their funds back and are looking for an alternative solution. The delay in the launch comes after the US Securities and Exchange Commission sued Telegram for issuing Gram token to US citizens.
Telegram has now pushed its deadline of 30th Oct. 2019 to 30th April 2020, according to reports.
According to the source, the investors in Ton were asked to sign a form to approve its new deadline.
The source also added that the company would make an official announcement in the next 2 days