Sure, here's more information about the SEC's lawsuit against Telegram and the TON project:
*SEC lawsuit:*
In October 2019, the SEC filed a lawsuit against Telegram and its subsidiary, Ton Issuer Inc., for selling $1.7 billion worth of TON tokens to institutional and retail investors. The SEC alleged that the token sale constituted an unregistered securities offering.
*SEC allegations:*
The SEC held that Telegram:
1. Failed to register the sale of TON tokens as a securities offering.
2. Failed to provide sufficient information about the TON project.
3. Failed to comply with security regulations.
*Telegram response:*
Telegram argued that TON tokens were not securities and that the sale was exempt from registration. However, in 2020, Telegram agreed to:
1. Return $1.2 billion to investors.
2. Pay a fine of $18.5 million.
3. Not launch the TON network.
*TON Project:*
Despite the lawsuit, the community of developers and enthusiasts created the TON Foundation to continue developing the project in a decentralized manner.
*TON Features:*
1. High-speed blockchain.
2. Ability to process thousands of transactions per second.
3. Supports smart contracts.
4. Decentralized domain name system.
*TON News:*
TON is still in development, with an active community and regular updates.
Want to know more about the technology behind TON or its potential use in real applications?
