TON briefly tapped $2 after the news broke out, but has retraced slightly.
by a lawsuit filed by the US Securities and Exchange Commission , which alleged that Telegram had conducted an unregistered security offering, raising $1.7 billion through the sale of Grams tokens.
To resolve the SEC’s concerns, Telegram settled the lawsuit by refunding unused investor funds and paying a substantial $18.5 million fine. Subsequently, TON has evolved into an open-source community project, with the integration of TON Space as a testament to its enduring vision.as an important part of the TON ecosystem, offering a secure and user-friendly self-custodial wallet.
Telegram believes users should have the autonomy to control their identities and assets. This vision is realized through TON Space, which provides users with convenient technology for achieving this. Hyman also emphasized the partnership’s significance by highlighting that it grants digital ownership rights to the entire user base while equipping TON projects with unprecedented tools to connect with the audience, making it the largest Web3/Web2 partnership.
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