April 30, 2020 Telegram delays the launch of the TON network by one year.

The messaging service, Telegram announced on Wednesday via a letter to investors that it is delaying the launch of the Telegram Open Network (TON) until April 30, 2021. Telegram stated that it reached the decision following a ruling from a US District Court Judge, determining that Telegram could not launch TON or disperse the GRAM tokens until its case with the SEC was complete. Furthermore, the company has offered investors two options, one a refund of 72% of their original investments, amounting to $1.2 billion, or alternatively 110% of said investments before April 2021 through a loan agreement.