Who Could Have Guessed That A Secret Messaging App’s Cryptocurrency Might Be A Bad Idea?

Telegram seems like a pretty good place to have conversations you’d like kept secure and private, unlike, say, some other messaging apps. As such, it’s got a pretty good following among the cryptocurrent crowd, who are wary of things insecure and public.

This does not mean, however, that Telegram’s own cryptocurrency was a good idea. Certainly, the SEC didn’t think it was, and moved to nip “Grams” in the bud, winning a restraining order against Telegram that ensured it would not meet its Oct. 19, 2019, deadline for delivering the 2.9 billion “Grams” worth $1.7 billion. Which means now its had to return, uh, most of it….

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