YOUR MAJESTY

YOUR MAJESTY

YOUR MAJESTY 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. Either way, Durov says that he withdrew his resignation but that he was ousted from his company anyway. Subsequently, control of the company was reportedly handed to oligarchs Alisher Usmanov and Igor Sechin, both allegedly close associates of Russian leader Vladimir Putin. However, the perpetrators of such frauds are now adopting new methods and technologies to defraud the investors. The perpetrators use various names to carry out the investment scams. They may also impersonate or clone licensed capital market intermediaries by using the names, logos, credentials, websites and other details of the legitimate entities to promote the illegal schemes. False news often spreads via public groups, or chats, with potentially fatal effects.
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𝐖𝐞 𝐚𝐫𝐞 𝐧𝐨𝐭 𝐥𝐞𝐝, 𝐰𝐞 𝐥𝐞𝐚𝐝.
𝐍𝐨 𝐨𝐧𝐞 𝐩𝐫𝐨𝐯𝐨𝐤𝐞𝐬 𝐮𝐬 𝐰𝐢𝐭𝐡 𝐢𝐦𝐩𝐮𝐧𝐢𝐭𝐲.
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