Telegram has conceded defeat in its battle with US authorities, withdrawing its appeal against a US federal court injunction.

According to a court document dated 22 May, the company has halted its attempt to fight the injunction that ordered it to cease issuing and distributing its Gram tokens. 

As we reported in March, the injunction had been issued after a US District Court agreed to grant a Securities and Exchange Commission (SEC) request, stating that it considered the SEC to have shown “a substantial likelihood of success in proving” that the issuance and sale of tokens was an “integral part of the sale of securities without a required registration statement.” 

Earlier this month Co-Founder of Telegram Messenger, Pavel Durov, announced the closure of the Telegram Open Network (TON) project, and the withdrawal of the appeal seems to be the final nail in the coffin, confirming there’s no going back. 

However, though it may be the end of the road for Telegram’s official involvement in TON, the Telegram Open Network operating system, the open-source project is still very much alive, after being published on Github and propelled forward by its worldwide developer communities. 

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