The value of Telegram's crypto has almost tripled as founder Pavlo Durov fights charges in France
In the first half of 2024, Telegram's revenue reached $525 million, which is 190% more than in the same period of 2023.
In the first half of 2024, Telegram's revenue reached $525 million, which is 190% more than in the same period of 2023.
The Financial Times reports with reference to the company's financial statements.
Of this $525 million in revenue, nearly half ($225 million) came from a one-time transaction in Toncoin from an unknown company for advertising services.
The value of Telegram's digital assets increased significantly in the first half of 2024, increasing from almost $400 million at the end of last year to $1.3 billion.
In the first half of this year, Telegram received a net profit of $335 million. Compared to annual revenue of $342 million and a loss of $173 million in 2023, these numbers suggest that Telegram was on track for its first annual profit before Durov's detention.
Everything that is known about the detention of Durov and how it happened on Telegram
On August 24, the founder of the Telegram messenger Pavel Durov was detained at the Paris Le Bourget airport.
Ukrainian tech entrepreneurs reacted to Durov's detention. And here is a post by Yaroslav Azhniuk, who has been following Durov's activities for decades.
In turn. in the Ukrainian parliament called to regulate the activities of Telegram in Ukraine as soon as possible.
On August 25, Telegram issued an official statement regarding the arrest of the founder.
The investigating magistrates handling the case are looking at a wide range of charges : refusing to assist authorities in lawful wiretapping of suspects, facilitating the sale of material depicting child sexual abuse, and aiding and abetting drug trafficking.
Unlike the oncoin cryptocurrency, which collapsed by 20% after Durov's arrest, the number of Telegram downloads increased .
On August 28, Durov was released from custody.
In September, Durov began cooperation with the French police, as well as the USA, Belgium, etc.
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