What Telegram is expected next, should SOUND investors complaining?
Telegram CEO Pavel Durov announced this week the end of the SOUND project. Investors, who had been involved in the development of the company-ICO, with a volume of 1.7 billion US dollars, want to sue Telegram now
CLAY project-donors, who had collected a total of $ 1.7 billion for the development of the Blockchain-a platform, move to a CoinDesk report, a lawsuit against the Telegram into consideration.
Against it according to the Report, not alone, the Trouble due to the unexpected TONE-closure. Rather, the payout options, by telegram, giving the matter an unpleasant turn, it is mainly.
CEO Pavel Durov had arranged for a Surprise when he announced before the company even the end of the project. Telegram, in turn, investors are presented with two options: an immediate payment in the amount of 72 % of the money invested. Or a “money lending” to the next year. In 2021, investors will receive 110% of their investment totals.
The immediate payoff is close to the company put it in particular US investors. Even more, in accordance with the regulatory authority US Securities and Exchanges Commission (SEC) against Telegram legal steps had passed.
In a dispute, the authority threw the Telegram, to have not registered securities of tokens offered on the own Gram. In the confrontation, the SEC won. Previously, sub-band, a U.S. court Token, the SOUND on Blockchain Start, as well as the global Emission of the Gram. The Telegram-chief, according to the SOUND failed at the court of judgment.
CoinDesk to an investors language of the suit-considerations,because of the telegram “Splash” in the amount of more than 405 million USD for the CLAY project have brought investors nothing.
Claims according to Vladimir Smerkis at least 50 % of all those who have put money into the project.
“… all of the people are unhappy, want to get your money back and are planning a subsequent suit …” he adds on.
Some investors have reportedly added, “to want to end” Telegram-CEO Pavel Durov support. This end was not but the announced and investors hoped for.
The publication also cites three additional persons not named, which suggested that litigation by investors against the telegram to run. According to a of persons, it is SOUND to investors from the US, Europe and Russia, pursuing legal action for compensation.
A representative of an East European investment Fund speculated that the action is due to the fact that the 72-percent Pay-for many investors, there would no sense, since you waited for two years on their returns.
“Dear Pro-rata as to completely lose money, “said the Person allegedly.
US Fund Manager confirmed, for its part, the willingness of several US investors to take legal action against telegram. How the litigation will turn out in the end, you must show up.
Telegram problems came up in connection with Facebook’s Libra. The company is driving forward in turn, an ambitious crypto project, but has the least of the concerns of Supervisory authorities will be stepped in the world on the brake at the time of development.
