Some of the Telegram's blockchain project, the telegram open network's investors are looking to take back their money.

The head of Hash Cib's, Russian crypto investment funds, Yakov Barinsky has stated that he feels now that atleast ten investors are pondering over taking away 72% fund. He<a href="https://tass.ru/ekonomika/8079529"> told</a> TASS, a local news agency on Monday.

He believes that how the financial markets are unfolding right now, this looks like the right deal, much better now than what it appears back in October.

In October, TON investors were invited to take back 77% of their investments right away, but they decided not to take the refunds and the decision to launch TON later on April 30, 2020, was made.
<h2>Troubling Times For Telegram</h2>
Telegram has been fighting a legal with the United States securities and commission (SEC), and so far it has not been so good for it. The court has decided to side with SEC's claims that TON's token sale (Grams) was illegal.

Founder of Telegram, Pavel Durov, approached the investors and made them aware that they can have the 72% back and 5% was the amount spent on the development of the project.

A preliminary injunction has been applied, and it is not a final order yet. However, Stephen Palley of the block believes that it is just a matter of time before it turns into a final decision of the court. He also beloved that Telegram might appeal to the second circuit; however, the odds of success over there are pretty meek too.

Baransky also told the local news outlet that TON's investors can now be convinced by Durov and they can now resister a transaction and accepting that gram is security. He further stated that they should
<blockquote>"look to conduct an IPO, but in this case, the launch of the project will be postponed for another period, companies usually prepare for this for at least a year," he said, adding that it was "practically impossible to do this before April 30, 2020."</blockquote>
However, he believes that this could be a risky move as another consultation could delay the project further, and it would not be easy to convince people for it.

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Telegram's Gram Token Investors Offered an Escape Route

Ten investors in Telegram’s blockchain project are said to be willing to get their funds back at least, as the Gram launch stares at another delay.

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

Telegram's Gram Token Investors Offered an Escape Route

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