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The $1.7 Billion ICO That Never Launched – Telegram’s Failed Crypto Project
📜 The Beginning – Telegram’s Bold Crypto Vision
In 2018, Telegram, the popular encrypted messaging app, announced its ambitious plan to launch a blockchain network called Telegram Open Network (TON). The project aimed to integrate a decentralized economy within Telegram, allowing users to send money privately, outside government control.
To fund TON, Telegram raised $1.7 billion through a private ICO (Initial Coin Offering), selling Grams, the network’s native token, to investors. The ICO was structured as a SAFT (Simple Agreement for Future Tokens), a legal workaround designed to avoid SEC scrutiny.
🚀 The Promise – What TON Was Supposed to Be
Telegram envisioned TON as a high-speed, scalable blockchain that could:
✔️ Process millions of transactions per second
✔️ Enable decentralized applications (dApps)
✔️ Integrate directly into Telegram Messenger
✔️ Provide financial privacy for users
TON was seen as a direct competitor to Ethereum, with Telegram’s massive user base giving it an edge.
⚖️ The SEC Crackdown – Why Telegram’s ICO Failed
In October 2019, the U.S. Securities and Exchange Commission (SEC) filed an emergency lawsuit against Telegram, arguing that the $1.7 billion ICO was an illegal securities offering.
🚨 Key SEC allegations:
✔️ Grams were securities, not utility tokens.
✔️ Telegram failed to register the ICO with the SEC.
✔️ The SAFT model didn’t bypass securities laws.
✔️ Telegram planned to flood U.S. markets with unregistered tokens.
A New York judge sided with the SEC, blocking Telegram from launching TON. Facing legal pressure, Telegram abandoned the project in May 2020.
💰 The Aftermath – What Happened to the $1.7 Billion?
✔️ Telegram returned most of the funds to investors.
✔️ Some investors accepted a 72% refund, while others chose to wait for future compensation.
✔️ Telegram paid a $18.5 million fine to the SEC.
✔️ TON was revived by independent developers, now known as The Open Network (TON).
🔮 The Possibilities – Could Telegram Try Again?
✔️ TON still exists, but Telegram is no longer involved.
✔️ Telegram might explore crypto again, but under stricter regulations.
✔️ The SEC’s crackdown set a precedent, making future ICOs riskier.
💥 The Takeaway – A Warning for Crypto Projects
✔️ Regulation matters – The SEC won’t allow unregistered ICOs.
✔️ Big ideas need legal backing – Even billion-dollar projects can fail.
✔️ Crypto is evolving – TON’s failure shaped how new projects approach compliance.
You can read more about Telegram’s failed ICO on Decrypt and the SEC’s official statement here.
$TON
#CryptoScandals #TelegramTON #SECvsCrypto #Write2Earn 🎬🔥
In 2018, Telegram, the popular encrypted messaging app, announced its ambitious plan to launch a blockchain network called Telegram Open Network (TON). The project aimed to integrate a decentralized economy within Telegram, allowing users to send money privately, outside government control.
To fund TON, Telegram raised $1.7 billion through a private ICO (Initial Coin Offering), selling Grams, the network’s native token, to investors. The ICO was structured as a SAFT (Simple Agreement for Future Tokens), a legal workaround designed to avoid SEC scrutiny.
🚀 The Promise – What TON Was Supposed to Be
Telegram envisioned TON as a high-speed, scalable blockchain that could:
✔️ Process millions of transactions per second
✔️ Enable decentralized applications (dApps)
✔️ Integrate directly into Telegram Messenger
✔️ Provide financial privacy for users
TON was seen as a direct competitor to Ethereum, with Telegram’s massive user base giving it an edge.
⚖️ The SEC Crackdown – Why Telegram’s ICO Failed
In October 2019, the U.S. Securities and Exchange Commission (SEC) filed an emergency lawsuit against Telegram, arguing that the $1.7 billion ICO was an illegal securities offering.
🚨 Key SEC allegations:
✔️ Grams were securities, not utility tokens.
✔️ Telegram failed to register the ICO with the SEC.
✔️ The SAFT model didn’t bypass securities laws.
✔️ Telegram planned to flood U.S. markets with unregistered tokens.
A New York judge sided with the SEC, blocking Telegram from launching TON. Facing legal pressure, Telegram abandoned the project in May 2020.
💰 The Aftermath – What Happened to the $1.7 Billion?
✔️ Telegram returned most of the funds to investors.
✔️ Some investors accepted a 72% refund, while others chose to wait for future compensation.
✔️ Telegram paid a $18.5 million fine to the SEC.
✔️ TON was revived by independent developers, now known as The Open Network (TON).
🔮 The Possibilities – Could Telegram Try Again?
✔️ TON still exists, but Telegram is no longer involved.
✔️ Telegram might explore crypto again, but under stricter regulations.
✔️ The SEC’s crackdown set a precedent, making future ICOs riskier.
💥 The Takeaway – A Warning for Crypto Projects
✔️ Regulation matters – The SEC won’t allow unregistered ICOs.
✔️ Big ideas need legal backing – Even billion-dollar projects can fail.
✔️ Crypto is evolving – TON’s failure shaped how new projects approach compliance.
You can read more about Telegram’s failed ICO on Decrypt and the SEC’s official statement here.
$TON
#CryptoScandals #TelegramTON #SECvsCrypto #Write2Earn 🎬🔥
The First Major Crypto Disaster 🏴☠️Largest bitcoin Exchange Mt. Gox Hack (2014)!!!!!
🔹 What Happened?
In 2014, Mt. Gox, the largest Bitcoin exchange at the time, was hacked, leading to the theft of 850,000 BTC—worth $450 million back then. Today, that’s worth over $20 billion!
🔹 The Fallout
The hack led to the collapse of Mt. Gox, with thousands of investors losing their funds. It exposed the vulnerabilities in crypto exchanges and highlighted the need for better security.
🔹 Lessons Learned
This incident taught the crypto world the importance of cold storage wallets and robust security protocols to protect digital assets.
💬 Do you think crypto exchanges have become safer since then? Let’s discuss below! 👇
🔔 Follow Market Crypto Insights for more stories about crypto history and lessons! 🚀🔥
#CryptoScandals #MtGoxHack #CryptoSecurity #Binance #MarketCryptoInsights
$TRUMP $SOL $BNB
🔹 What Happened?
In 2014, Mt. Gox, the largest Bitcoin exchange at the time, was hacked, leading to the theft of 850,000 BTC—worth $450 million back then. Today, that’s worth over $20 billion!
🔹 The Fallout
The hack led to the collapse of Mt. Gox, with thousands of investors losing their funds. It exposed the vulnerabilities in crypto exchanges and highlighted the need for better security.
🔹 Lessons Learned
This incident taught the crypto world the importance of cold storage wallets and robust security protocols to protect digital assets.
💬 Do you think crypto exchanges have become safer since then? Let’s discuss below! 👇
🔔 Follow Market Crypto Insights for more stories about crypto history and lessons! 🚀🔥
#CryptoScandals #MtGoxHack #CryptoSecurity #Binance #MarketCryptoInsights
$TRUMP $SOL $BNB
BREAKING: Trump’s Meme Coin Just Crashed the Senate Floor
The U.S. President is literally pushing crypto bills while launching his own $TRUMP coin and USD1 stablecoin.
He’s hosting secret dinners with whales.
Rumors of foreign backers like Justin Sun.
And now the Senate is racing to pass the GENIUS Act which could make Trump’s own coin skyrocket.
Is this historic crypto leadership
or the wildest conflict of interest ever?
Politicians are panicking. Traders are watching.
And $TRUMP is trending hard.
Will the GENIUS Act change crypto forever or just make one man richer?
#trumpcoinnews #usd1token #CryptoScandals #CryptoNews #thecryptoheadquarters
The U.S. President is literally pushing crypto bills while launching his own $TRUMP coin and USD1 stablecoin.
He’s hosting secret dinners with whales.
Rumors of foreign backers like Justin Sun.
And now the Senate is racing to pass the GENIUS Act which could make Trump’s own coin skyrocket.
Is this historic crypto leadership
or the wildest conflict of interest ever?
Politicians are panicking. Traders are watching.
And $TRUMP is trending hard.
Will the GENIUS Act change crypto forever or just make one man richer?
#trumpcoinnews #usd1token #CryptoScandals #CryptoNews #thecryptoheadquarters
MILEI'S LIBRA SCANDAL: DENIALS, LOSSES & LEGAL TROUBLE 🚨💰
Argentina’s President Javier Milei spoke out about the LIBRA meme coin scandal, claiming he only "disseminated" information, not promoted it. His tweet helped the coin hit a $4B market cap before insiders cashed out, triggering a sharp drop. Milei insists only a few Argentinians lost money, while most traders were American or Chinese.
Facing over 100 criminal complaints and potential impeachment, Milei has called for investigations into the scandal. Meanwhile, U.S. prosecutors are considering charges, and Milei says the blockchain will help clarify the situation.
#Milei #libra #CryptoScandals #argentina #blockchain
Argentina’s President Javier Milei spoke out about the LIBRA meme coin scandal, claiming he only "disseminated" information, not promoted it. His tweet helped the coin hit a $4B market cap before insiders cashed out, triggering a sharp drop. Milei insists only a few Argentinians lost money, while most traders were American or Chinese.
Facing over 100 criminal complaints and potential impeachment, Milei has called for investigations into the scandal. Meanwhile, U.S. prosecutors are considering charges, and Milei says the blockchain will help clarify the situation.
#Milei #libra #CryptoScandals #argentina #blockchain
FTX Executive Ryan Salame Receives Sentence Reduction – Key Developments
Business Insider reported a one-year reduction in Ryan Salame's sentence, with the former FTX executive now set to serve just over six and a half years for his role in FTX's collapse. Salame's adjustment comes after entering prison in October 2023 and benefitting from federal provisions for good conduct.
Key Details:
Charges: Guilty plea in September 2023 for illegal political donations and operating an unregistered money transfer business.
Controversy: Salame's attempt to retract his guilty plea earlier this year stirred debate, alleging federal leniency in exchange for cooperation.
Broader Context:
The FTX collapse in November 2022 led to varying sentences for its executives. While Salame criticized the legal system and perceived bias in sentencing, former Alameda Research CEO Caroline Ellison's lenient two-year sentence remains a focal point of public scrutiny.
The saga continues to unfold with its significant implications for crypto regulation and the judicial handling of corporate fraud.
#FTX #CryptoNews #FTT #BTC #CryptoScandals
Business Insider reported a one-year reduction in Ryan Salame's sentence, with the former FTX executive now set to serve just over six and a half years for his role in FTX's collapse. Salame's adjustment comes after entering prison in October 2023 and benefitting from federal provisions for good conduct.
Key Details:
Charges: Guilty plea in September 2023 for illegal political donations and operating an unregistered money transfer business.
Controversy: Salame's attempt to retract his guilty plea earlier this year stirred debate, alleging federal leniency in exchange for cooperation.
Broader Context:
The FTX collapse in November 2022 led to varying sentences for its executives. While Salame criticized the legal system and perceived bias in sentencing, former Alameda Research CEO Caroline Ellison's lenient two-year sentence remains a focal point of public scrutiny.
The saga continues to unfold with its significant implications for crypto regulation and the judicial handling of corporate fraud.
#FTX #CryptoNews #FTT #BTC #CryptoScandals
🚨 BREAKING: Argentine Court Freezes LIBRA Meme Coin Figures' Assets, Lifts Banking Secrecy on President Milei
A federal judge in Argentina has frozen assets of key LIBRA meme coin figures and lifted banking secrecy on President Javier Milei and his sister, amid a fraud probe over a suspected pump-and-dump scheme. LIBRA once hit a $4.5B market cap after Milei's endorsement in February, but later crashed over 85%. (Source: CryptoSlate)
#libra #Milei #argentina #memecoin #CryptoScandals
A federal judge in Argentina has frozen assets of key LIBRA meme coin figures and lifted banking secrecy on President Javier Milei and his sister, amid a fraud probe over a suspected pump-and-dump scheme. LIBRA once hit a $4.5B market cap after Milei's endorsement in February, but later crashed over 85%. (Source: CryptoSlate)
#libra #Milei #argentina #memecoin #CryptoScandals
Another project hyping AI + Crypto, no real product, just buzzwords.
We’ve seen this before.
Which project feels like a rug-in-waiting to you?
Comment and expose!
$PEPE
#EthereumSecurityInitiative #MastercardStablecoinCards
#BinanceAlphaPoints #CryptoScandals #BinanceTGEAlayaAI
We’ve seen this before.
Which project feels like a rug-in-waiting to you?
Comment and expose!
$PEPE
#EthereumSecurityInitiative #MastercardStablecoinCards
#BinanceAlphaPoints #CryptoScandals #BinanceTGEAlayaAI
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🚨 BREAKING: Argentine Court Freezes LIBRA Meme Coin Figures' Assets, Lifts Banking Secrecy on President Milei
A federal judge in Argentina has frozen assets of key LIBRA meme coin figures and lifted banking secrecy on President Javier Milei and his sister, amid a fraud probe over a suspected pump-and-dump scheme. LIBRA once hit a $4.5B market cap after Milei's endorsement in February, but later crashed over 85%. (Source: CryptoSlate)
#libra #Milei #argentina #memecoin #CryptoScandals #EthereumSecurityInitiative #MastercardStablecoinCards $BTC
$ETH
$XRP
A federal judge in Argentina has frozen assets of key LIBRA meme coin figures and lifted banking secrecy on President Javier Milei and his sister, amid a fraud probe over a suspected pump-and-dump scheme. LIBRA once hit a $4.5B market cap after Milei's endorsement in February, but later crashed over 85%. (Source: CryptoSlate)
#libra #Milei #argentina #memecoin #CryptoScandals #EthereumSecurityInitiative #MastercardStablecoinCards $BTC
$ETH
$XRP
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