Total 37 Posts
Pavel Durov is widely known for founding VK, a popular social networking site, and Telegram, an encrypted messaging service that now has about 200 million active users monthly. Currently, Durov and his team are developing the Telegram Open Network (TON), which is a darknet decentralized blockchain and cryptocurrency platform.
Telegram and SEC Concluded a Settlement Agreement. Durov Will Pay a Fine of $18.5 Million and Return $1.22 Billion to TON Investors
On June 25, it became known that Telegram and the SEC entered into an agreement of lawsuit, under which Durov’s team would pay a fine of $18.5 million, and would also be obliged to return $1.22 billion to investors.
Telegram launched this contest back in 2019, with the first stage starting on November 18 and ending on December 2, and the second stage beginning on May 11 and ending on May 25.
TON development team stops its active participation in the project for the reasons we wrote about earlier. The efforts of the team were redirected to other projects.
On May 12, Pavel Durov announced the closure of the Telegram Open Network (TON) project. That's why the lawyers of Telegram Group Inc. decided to withdraw a March appeal against a court order banning the sale of Gram.
Many investors did not believe that the TON project would start either this year or a year later, and they were right. Today, Pavel Durov officially announced that Telegram's active involvement with TON is over.
The participants of the second stage of the Data Clustering Contest should develop an algorithm that will qualitatively rank the information. Winners will share a prize fund of $100,000.