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Telegram shuts down its cryptocurrency operation – The Vergeclockmenumore-arrownoyesFollow The Verge on FacebookFollow The Verge on TwitterRSS feed (all stories on The Verge)SearchVox Media

After years of drama with the SEC, Telegram is calling it quits on its crypto-targeted subsidiary, Telegram Open Network (TON). “Telegram’s active involvement with TON is over,” wrote Pavel Durov, founder and CEO, in a press release on his channel. “you may also see – or may have already seen – websites the usage of my title or the Telegram emblem or the ‘TON’ abbreviation to advertise their projects. Don’t consider them along with your cash or knowledge.” TON used to be a blockchain platform designed to provide decentralized cryptocurrency

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