May 5, 2020 Telegram reverses its prior offer to refund investors with GRAM tokens.

The messaging platform, Telegram, told investors on Monday that it will no longer offer refunds with GRAM tokens and that it is aiming to buy out all American investors as soon as possible. Originally the project offered to pay investors 110% of their investment via GRAM tokens if they waited until April 2021 by which time Telegram hopes to launch their Telegram Open Network. However this offer to pay said investors via GRAM tokens has now been rescinded due to legal advice that the company received.