CoinWorld.net January 6 News, according to the Financial Times of the UK, Telegram's $500 million bonds in Russia have been frozen by the National Settlement Depository due to Western sanctions against Russia, despite founder Pavel Durov's efforts to distance himself from Moscow. This move poses a barrier to its debt repurchase and has raised concerns among investors. Telegram still plans to repay the related debts on schedule, and its recent half-year revenue has increased by 65% year-over-year to $870 million, but a net loss of $222 million was caused by the depreciation of Toncoin. Telegram is promoting Ton ecosystem integration and preparing for an IPO.
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CoinWorld.net January 6 News, according to the Financial Times of the UK, Telegram's $500 million bonds in Russia have been frozen by the National Settlement Depository due to Western sanctions against Russia, despite founder Pavel Durov's efforts to distance himself from Moscow. This move poses a barrier to its debt repurchase and has raised concerns among investors. Telegram still plans to repay the related debts on schedule, and its recent half-year revenue has increased by 65% year-over-year to $870 million, but a net loss of $222 million was caused by the depreciation of Toncoin. Telegram is promoting Ton ecosystem integration and preparing for an IPO.