After fleeing Russia, the brothers founded Telegram as a way to communicate outside the Kremlin's orbit. They now run it from Dubai, and Pavel Durov says it has more than 500 million monthly active users. 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. Founder Pavel Durov says tech is meant to set you free The regulator said it has been undertaking several campaigns to educate the investors to be vigilant while taking investment decisions based on stock tips. 'Wild West'
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