Rewards Hub Telegram CEO Pavel Durov plans to integrate the TON blockchain wallet into the messaging app, enhancing its role in facilitating cryptocurrency transactions. This move follows Telegram's successful $1.7 billion convertible bond raise in 2025, supported by BlackRock.
In a significant crackdown on illegal crypto activities, Telegram has collaborated with blockchain analytics firm Elliptic to dismantle Xinbi and Haowang, two platforms involved in over $40 billion in illicit trades. Despite facing a travel ban in France in 2024, Durov continues to expand Telegram's influence in the crypto space.
Telegram to Integrate TON Wallet, Shuts Down $40B Illegal Crypto Platforms
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