#Telegram, one of the most used messaging apps in the world, has recently embarked on a really short #cryptocurrency adventure. Telegram, want to launch its own cryptocurrency #GRAM and the network Telegram Open Network ( #TON), faced a US coup.
🚨Events Concerning Telegram's Crypto Money Project Continues
In the lawsuit filed by the US Securities and Exchange Commission ( #SEC) , it was decided to block the launch of the project. Although Telegram objected to this, the SEC did not back down and Telegram's cryptocurrency project was shelved.
Telegram offered some investors an immediate but lower rate of cashback after this incident, while it offered some investors a delayed but higher repayment option. Russia-based investment firm Da Vinci Capital is suing Telegram precisely for this incident.
🚨Da Vinci Capital Sues Telegram
In an interview with RBC TC, Da Vinci Capital's managing director, Oleg Zhelezko, stated that the case is fully related to the extradition process. Stating that the refund was not made in a "correct" manner, Zhelezko emphasized that the refund offer came only 24 hours before the deadline date. As a result, Zhelezko stated that it was difficult to examine the documents and there was not enough time, and that this led them to make the wrong decision.
“The process was very complex and there were some confusing communication defects during the process. This made it difficult for investors to make the right decision, and investors were unsure whether to turn it into loans or get their money back. ”
🚨USA Stones in Front of GRAM
The Da Vinci Capital team emphasizes that they sent a statement to Telegram executives in February 2021. According to the information provided by the sources, the company demands a refund of $ 20 million. Telegram drew a lot of backlash about the return process.
It is known that Telegram collected $ 1.7 billion during the #ICO process and Russia's billionaire names also invested in it. The SEC, on the other hand, broke everything by emphasizing that it was a security. Telegram was ordered to pay users $ 18.5 million in compensation in addition to refunding their funds.