𝐀𝐭𝐛 𝐏𝐈𝐑𝐀𝐓𝐄 𝐁.𝐒

𝐀𝐭𝐛 𝐏𝐈𝐑𝐀𝐓𝐄 𝐁.𝐒

𝐀𝐭𝐛 𝐏𝐈𝐑𝐀𝐓𝐄 𝐁.𝐒 Telegram | DID YOU KNOW?

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. As such, the SC would like to remind investors to always exercise caution when evaluating investment opportunities, especially those promising unrealistically high returns with little or no risk. Investors should also never deposit money into someone’s personal bank account if instructed. For example, WhatsApp restricted the number of times a user could forward something, and developed automated systems that detect and flag objectionable content. NEWS Perpetrators of such fraud use various marketing techniques to attract subscribers on their social media channels.
𝐀𝐭𝐛 𝐏𝐈𝐑𝐀𝐓𝐄 𝐁.𝐒 from hk

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