Telegram Founder Bashes US as a ‘Police State’ Amid Free TON Launch

Published at: May 7, 2020

In a May 7 post, Telegram founder Pavel Durov called the United States a “police state” and discouraged entrepreneurs from moving their businesses to Silicon Valley.

Perhaps exhausted by the legal battles around Telegram’s beleaguered token offering, Durov berated the U.S. in his latest post “7 Reasons Not To Move To The [Silicon] Valley.” In the post, he criticized it both as a place to do business and a place to live. The post was only announced in Durov’s Russian language Telegram channel and was published in Russian.

Telegram was pressured by FBI

The number one reason, in Durov’s opinion, is that the U.S. is a police state. He is basing this conclusion on the fact the U.S. has the highest number of people incarcerated in the world. He also mentioned that in 2016, during its trip to San Francisco, the Telegram team was pressured by the Federal Bureau of Investigation. 

Durov went on to list a number of other factors that, in his opinion, make life in the U.S. unattractive — a poor healthcare system, the lack of cultural life, mediocre school education, high taxes, high software development costs and the lackluster market perspective for the twenty-first century.

His final word of advice to entrepreneurs from Eastern Europe was to examine other alternatives. According to Durov:

“Today, India, not the U.S. presents the largest open internet-market in the world”.

This diatribe came on the same day as the Free TON Community launched its blockchain. Allegedly, neither Telegram nor Durov are involved in the project. It also came weeks after the announcement that Russia may lift its three-year Telegram ban.

Tags
Fbi
Ton
Related Posts
SEC Asks Court to Order Telegram to Pay $1.2B Back for $1.7B ICO
The United States’s Securities and Exchange Commission, or SEC, has filed a proposal for final court judgement in regard of the terminated Telegram Open Network project. In a proposed final judgment filed on June 25, the SEC has asked the New York Southern District Court to order million dollar penalties to multiple defendants related to the case. “Defendants are jointly and severally liable for disgorgement of $1,224,000,000,” the SEC wrote in the proposed judgement. As of press time, the judgement has been received by the court. Although the court has “reviewed and approved as to form” the proposed judgment, it …
Blockchain / June 25, 2020
Majority of TON Investors Reportedly Choose to Quit for 72% Refund
On May 12, Telegram officially terminated its involvement in its planned blockchain project, the Telegram Open Network, and its corresponding GRAM token. Apparently ending its long-running legal battle with the United States’ regulators, Telegram still needs to sort out $1.7 billion raised in an initial coin offering, or ICO, in 2018. Prior to abandoning the troubled TON project, Telegram CEO and founder Pavel Durov introduced a reimbursement scheme, offering TON investors two choices — immediate 72% refund, or a 110% refund in 12 months. Major $70 million investor is preparing to quit with 72% According to a May 16 report …
Blockchain / May 16, 2020
Pavel Durov Denies He’s Selling Telegram Following TON Failure
Pavel Durov, CEO of the popular encrypted messaging platform, Telegram, has denied reports that the firm is preparing to sell the company after the failure of Telegram’s blockchain project. According to an Aug. 5 report by local tech publication iXBT, Russia’s internet company Mail.ru is one of the parties interested in acquiring Telegram. Another is an as yet unidentified Russian billionaire. The information was reportedly shared by Russia-based trader and analyst, Kirill Promzin. As reported by iXBT, Promzin predicted Bitcoin’s 2017 bull run back in 2012, even calling the asset’s eventual high of $20,000. Shortly after the iXBT’s report was …
Blockchain / Aug. 5, 2020
US Investor Backs up Telegram’s Claim of Completing $1.2B Refund
Telegram, the creator of the failed Gram (GRM) token and the Telegram Open Network, or TON, was well into investor reimbursement weeks before a court in the United States ruled that the firm had to return $1.2 billion. A U.S.-based TON investor tells Cointelegraph that he got his 72% refund from Telegram in late May 2020. According to a bank statement seen by Cointelegraph, the investor received $7.2 million out of the original $10 million investment through a wire transfer. Telegram CEO says that the firm has repaid over $1.2 billion already The investor’s statement backs up Telegram’s recent announcement …
Regulation / July 1, 2020
BNY Mellon and Credit Suisse Involved in Telegram’s $1.7B Sale: Report
Two global financial giants, BNY Mellon and Credit Suisse, were reportedly involved in Telegram’s $1.7 billion Gram (GRAM) token sale in 2018. Telegram allegedly informed its investors that it was using BNY Mellon and Credit Suisse to move and store fiat currency raised in the GRAM sale, industry publication Coindesk reports, citing court filings released on Dec. 10. A Telegram employee reveals the details in a series of messages attached to the filings Shyam Parekh, a Telegram employee who is expected to give a deposition before the New York Southern District Court today, Dec. 10, reportedly provided details on how …
Blockchain / Dec. 10, 2019