𝐾𝑟𝑖𝑠𝑡𝑒𝑛𝑯𝒂𝒏𝒄𝒉𝒆𝒓

𝐾𝑟𝑖𝑠𝑡𝑒𝑛𝑯𝒂𝒏𝒄𝒉𝒆𝒓

𝐾𝑟𝑖𝑠𝑡𝑒𝑛𝑯𝒂𝒏𝒄𝒉𝒆𝒓 Telegram | DID YOU KNOW?

"The argument from Telegram is, 'You should trust us because we tell you that we're trustworthy,'" Maréchal said. "It's really in the eye of the beholder whether that's something you want to buy into." This provided opportunity to their linked entities to offload their shares at higher prices and make significant profits at the cost of unsuspecting retail investors. Oleksandra Matviichuk, a Kyiv-based lawyer and head of the Center for Civil Liberties, called Durov’s position "very weak," and urged concrete improvements. At this point, however, Durov had already been working on Telegram with his brother, and further planned a mobile-first social network with an explicit focus on anti-censorship. Later in April, he told TechCrunch that he had left Russia and had “no plans to go back,” saying that the nation was currently “incompatible with internet business at the moment.” He added later that he was looking for a country that matched his libertarian ideals to base his next startup. At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised.
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𝐾𝑟𝑖𝑠𝑡𝑒𝑛𝑯𝒂𝒏𝒄𝒉𝒆𝒓—. @TrappedInALie .

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