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Telegram founder says he holds hundreds of millions of dollars in fiat currency and Bitcoin to ensure ownership and guide projects and companies

Telegram founder says he holds hundreds of millions of dollars in fiat currency and Bitcoin to ensure ownership and guide projects and companies

Cointime2024/04/17 08:46
By: Cointime
BTC-0.35%TON-1.44%

Pavel Durov, the founder of Telegram Messenger, said in an interview that increasing regulation will force hardware devices to innovate around secure communication, "just as we have hardware wallets to store cryptocurrencies." He claimed that the US law enforcement agency, the Federal Bureau of Investigation (FBI), is trying to persuade people associated with Telegram to install backdoors for monitoring purposes. Regarding company ownership, Durov stated that he avoids VC investment to prevent external influence on Telegram's operations. He revealed that he holds "hundreds of millions of dollars" in fiat and bitcoin, which allows him to guide his projects and companies with 100% ownership.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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