Telegram CEO released from police custody, What’s next for TON Coin?
Telegram CEO Pavel Durov and his brother Nikolai Durov have been released from police custody in Dubai. The Durov brothers were detained by the police at the request of the US SEC for their involvement in the TON Coin project. TON Coin is a cryptocurrency project that raised $1.7 billion in an ICO in 2018, before being halted by the SEC.
The SEC alleged that the ICO was illegal and accused the Durov brothers of violating securities laws. The brothers have denied the allegations and have been fighting the case in court. Despite their release from custody, the legal battle is far from over.
The future of TON Coin remains uncertain. The project was originally supposed to launch in October 2019, but has been delayed due to the legal battles. It is unclear if the project will ever see the light of day, as the SEC’s investigation is ongoing.
The Durov brothers have not commented on their release from custody or the future of TON Coin. The cryptocurrency community is eagerly awaiting updates on the project, as many investors are still holding tokens from the ICO.
For now, all we can do is wait and see what the future holds for TON Coin and the Durov brothers.
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