Telegram Puts Final Nail in GRAM's Coffin After Withdrawing Appeal
Cointelegraph
Published May 25, 2020 06:03AM ET
Updated May 25, 2020 07:40AM ET
Telegram has withdrawn its appeal against a United States federal court’s injunction that froze Gram token issuance and distribution, according to court documents dated May 22.
The move seems to suggest that the company has fully abandoned its TON plans. Earlier this month, Telegram CEO Pavel Durov announced their “active involvement” with the project was over, criticizing U.S. regulators for overextending their power.
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Written By: Cointelegraph
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