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> The developers spent $405 million, according to Judge Castel, to develop the new open-source blockchain O.o
by ricardobeat 7y ago
> The developers spent $405 million, according to Judge Castel, to develop the new open-source blockchain
O.o
- davidgerard 7y agoThat's not quite right - they did say in the original offering that they would be spending investors' money on Telegram Messenger's daily operations. The judge's words are: > Telegram subsequently report ed that, from January 2018 to January 2020, it spent $405 million, about 24% of the proceeds from the offering of Grams, on the development of the TON Blockchain and the operations of Messenger. https://www.courtlistener.com/recap/gov.uscourts.nysd.524448/gov.uscourts.nysd.524448.227.0.pdf https://www.courtlistener.com/recap/gov.uscourts.nysd.524448...