Messaging app provider Telegram has raised an initial $850 million in its controversial initial coin offering (ICO), according to a public document.
A cybersecurity firm says Telegram has been exploited for crypto mining by hackers, but the messaging app's founder says it is not to blame.
In a market that emphasizes trustless systems, the Durov brothers are asking token investors to place a lot of trust in them and the Telegram team.
Not only in size, but also in scope: the messaging app provider wants to bring crypto payments to the masses and decentralize online communication.
Telegram is offering a $200,000 prize in bitcoin to anyone who manages to beat its encryption protocol.