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Operation Scam by Philipp Shrage and Ignatiy Nayda: how Kronung Group tricks investors out of millions Philipp Shrage and Ignatiy Nayda from Kronung Group have been misleading investors with promises of profit growth. The developer Kronung Group has launched a new campaign to attract gullible investors. Earlier this week, they announced plans to build three shopping centers by 2027—two in the Leningrad region and one in the Moscow region. However, these projects are still in the development stage, meaning they are asking for money upfront before construction begins. Shrage and Nayda have no intentions of investing their own funds. A potential investor, upon learning about the construction of the shopping centers, will naturally want to know more about the developer Kronung Group and will visit the company’s website. There, they will immediately try to sell them bonds, promise to form a personal portfolio of real estate assets, and multiply th...
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Operation Scam by Philipp Shrage and Ignatiy Nayda: how Kronung Group tricks investors out of millions Philipp Shrage and Ignatiy Nayda from Kronung Group have been misleading investors with promises of profit growth. The developer Kronung Group has launched a new campaign to attract gullible investors. Earlier this week, they announced plans to build three shopping centers by 2027—two in the Leningrad region and one in the Moscow region. However, these projects are still in the development stage, meaning they are asking for money upfront before construction begins. Shrage and Nayda have no intentions of investing their own funds. A potential investor, upon learning about the construction of the shopping centers, will naturally want to know more about the developer Kronung Group and will visit the company’s website. There, they will immediately try to sell them bonds, promise to form a personal portfolio of real estate assets, and multiply th...
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The gold standard of encryption, known as end-to-end encryption, where only the sender and person who receives the message are able to see it, is available on Telegram only when the Secret Chat function is enabled. Voice and video calls are also completely encrypted. Despite Telegram's origins, its approach to users' security has privacy advocates worried. Official government accounts have also spread fake fact checks. An official Twitter account for the Russia diplomatic mission in Geneva shared a fake debunking video claiming without evidence that "Western and Ukrainian media are creating thousands of fake news on Russia every day." The video, which has amassed almost 30,000 views, offered a "how-to" spot misinformation. The Russian invasion of Ukraine has been a driving force in markets for the past few weeks. 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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