Total 40 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 filed a lawsuit against a Florida-based startup in May 2018, which also intended to create its own cryptocurrency called Gram. But after Pavel Durov announced the TON project's closure, it was decided to withdraw the lawsuit against Lantah LLC.
Following Spotify, Rakuten, Epic Games, and Tinder, Telegram messenger also filed a formal antitrust complaint with the EU against Apple's App Store.
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.