Telegram Files For $100 Mln Compensation From TON Project.
2021-03-02 | Selina Mathew
![Telegram Files For $100 Mln Compensation From TON Project.]()
The CEO of Telegram, Pavel Durov, has reportedly revealed
a new for over $100 Mln in compensation from
Da Vinci Capital, an investor
within the messaging firm’s failed TON
blockchain project.
Da Vinci Capital's lawyers have transferred Durov's notice of intent to file a legal case against TON Inc. & Telegram Inc., sources
on the brink of the matter
told Forbes Russia earlier on Monday.
Sources
on the brink of Telegram's senior management, however, told the news source
the amount demanded is $20 Mln, though the article suggests
this might be a separate letter.
Telegram likely has two
weeks to reply to the letter, before the investor will move the
interest to a United Kingdom court, Forbes added.
The TON blockchain project was shelved earlier in May last year following a
lawsuit from the United States SEC [Securities and Exchange Commission].
The SEC added that Telegram's massive $1.7 Bln ICO [Initial Coin Offering] for the project in 2017 had been an unregistered securities sale.
Investors were offered a choice of getting 72% of their stake earlier at the time of lending the funds to Telegram
for an additional year and receiving 110% back.
Leave a comment
Your email address will not be published. Required fields are marked *
