According to Forbes, the founder of Zotobi Management Limited, Igor Chuprin, demanded that Telegram return investments in the Telegram Open Network (TON) project in full. However, a court has rejected the lawsuit.
Chuprin became an investor in TON in 2018. He invested $1 million in the project.
In April 2020, Pavel Durov notified that there would be no launch of TON. He suggested investors either receive 72% of the funds immediately, or leave the funds as a loan and receive 110% by April 30, 2021.
In May 2020, Chuprin filed a lawsuit in court in an attempt to return all the money invested because he simply did not want to provide funds as a loan or just receive 72% of his investment back.
According to him, he made the decision to invest in TON in a hurry and did not receive documents on the risks.
On February 6, the London Court of International Arbitration rejected Chuprin’s claim against Telegram Group and TON Issuer.
