Shortly after lifting the nation's Telegram ban, Russian government started investigation doubtlessly dishonorable choices involving the corporate's unlaunched token, Gram. The token was at once meant to serve a brand new blockchain ecosystem referred to as the Telegram Open Network, or TON.
Reports point out that Russian prosecutors are set to research a British agency that allegedly offered dishonorable tokens associated to Telegram's terminated blockchain challenge. The information was reported on July three by the native information company, Baza.io.
According to the report, the motion was born at an area inquiring committee by "several Russian entrepreneurs" that claimed to have bought $11.7 million in Gram tokens.
Telegram CEO Pavel Durov formally introduced closure of the TON challenge on May 12. At that point, the Russian traders reportedly tried to terminate their contract with the British firm. Allegedly having Russian roots itself, the anon. British agency reportedly wrote off $1.5 million in commissions, having returned simply $10.2 million to traders, in keeping with Baza.
Telegram apparently returned 72% to traders in a complete $1.2 billion refund
This information comes quickly after Telegram apparently settled its long-running authorized battle with American government over the corporate's $1.7 billion preliminary coin providing, or ICO. The ICO concerned roughly $400 million in investments from United States residents.
On June 26, the U.S. courtroom's closing judgement required Telegram to return $1.2 billion to traders. Telegram purportedly has already repaid the measure, with some U.S. traders confirming that they learned a 72% refund. This measure is in step with Telegram's authentic reimbursement scheme.
Recent developments in Russia
Russia's curiosity in Gram comes towards the background of some significant restrictive adjustments. After two years of unsuccessful efforts to dam Telegram courier inside the nation, Russian government all all of a unforeseen determined to elevate the ban on June 18. The resolution got here only few weeks earlier than Russia carried out a seven-day drawn-out constitutional vote - the outcomes of which power doubtlessly permit President Vladimir Putin to increase his 20-year rule till 2036.
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