Telegram had previously stopped working on TON after the U.S. Securities and Exchange why won't coinbase add dogecoin Commission (SEC) sued the firm for raising $1.7 billion via an initial coin offering. However, the project was later revived with community assistance in 2020. But if Telegram doesn’t distribute the “first batch” of tokens by October 31st, it has to give back the money it raised, according to documents reviewed by The New York Times. According to the SEC, the investors in Gram included 171 individuals and organizations worldwide that purchased 2.9 million tokens. One million of those tokens were bought by 39 US purchasers. But Telegram never registered the sale, and as a result it broke the law, the SEC says, and may have to forfeit the $1.7 billion it’s raised.