the sec made telegram kill its own crypto in 2020


six years later telegram took it back
and it doubled in a week
be telegram, 2018
messaging app, hundreds of millions of users
decides it wants its own blockchain
opens an ico
raises $1,700,000,000
second biggest ico in history
the token's called gram. the network's called ton.
then the sec shows up
"those are unregistered securities"
october 2019, lawsuit
march 2020, a court freezes the whole thing
telegram folds
pays an $18,500,000 fine
hands $1,220,000,000 back to investors
kills the project
we're done with ton
except the code was open source
so the community just kept it
picked the dead network back up
kept building it as the open network
gram was gone, but the token came back as toncoin
$ton, the one you know today
the network lived on without telegram
then telegram started creeping back in
a wallet inside the app
tap-to-earn games for hundreds of millions of people
notcoin, hamster kombat, everyone's mom mining coins in a chat
may 2026
durov posts on x
telegram is taking ton back, officially
becoming the biggest validator on the chain it was once forced to walk away from
fees cut 6x, basically zero
block times from 2.5 seconds to 400 milliseconds
ton doubles
about 120% in days
950,000,000 telegram users now sitting right on top of it
the crypto the sec killed in 2020
is the one telegram bet the whole app on in 2026
still done with ton?
TON0.79%
NOT-2.48%
HMSTR0.42%
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