Investors of the Telegram crypto project already want to take back the invested funds
In light of recent events, some Telegram Open Network investors are already inclined to exit the project and return 72% of the invested funds.
The head of the Hash CIB crypto-investment bank, Yakov Barinsky, told TASS that at least 10 TON investors are ready to collect the remaining amount of return if the project does not start before April 30. According to him, given the recent events in the financial markets, such a prospect looks much more attractive than in October 2019.
Since the US court has previously recognized Gram tokens as securities, for their distribution among American investors, the company will have to register them with the SEC and conduct an IPO, which will take some time. This will require once again to persuade investors to defer.
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If only American investors are withdrawn from the project for a timely launch, then lawsuits may follow. At the same time, lawyers doubt that the appeal will be of benefit.