Telegram quits on its cryptocurrency focused subsidiary TON

Telegram

After years of drama with the SEC, Telegram is calling it quits on its crypto-focused subsidiary, Telegram Open Network (TON). “Telegram’s active involvement with TON is over,” wrote Pavel Durov, founder and CEO, in an announcement on his channel. “You may see – or may have already seen – sites using my name or the Telegram brand or the ‘TON’ abbreviation to promote their projects. Don’t trust them with your money or data.” TON was a blockchain platform designed to offer decentralized cryptocurrency to anyone with a smartphone, in a…

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