At the start of July, Telegram announced it was discontinuing its support for the test network of Telegram Open Network in what seems as yet another — possibly the last — sign that the company is leaving its blockchain project for good.
Telegram chose to abandon TON as a result of a drawn-out legal battle with the United States Securities and Exchange Commission, which apparently was close to convincing the court that TON’s private $1.7 billion initial public offering was an unregistered securities sale. So, does the latest development mean that TON is dead? Developers of independent TON-based projects don’t think that’s the case.