October 17, 2019 Telegram proposes deal with investors to delay network launch and delivery of tokens to April 2020.

Under the original terms of the SAFT, Telegram is required to launch the network and deliver tokens to investors by October 31, and otherwise refund the investments. If the majority of investors do not agree to the new deal, they would receive a 77% refund. This follows last week’s SEC order to halt GRAM token distribution over unregistered security offering charges.