Pavel Durov is best known for being the founder of the social networking site VK.
Pavel Durov is a Russian entrepreneur who is best known for being the founder of the social networking site VK, and later the Telegram Messenger. He is the younger brother of Nikolai Durov. Since being dismissed as CEO of VK in 2014, the Durov brothers have traveled the world in self-imposed exile as citizens of Saint Kitts and Nevis. In 2017 Pavel joined the World Economic Forum (WEF) Young Global Leaders as a representative of Finland.
Telegram Messenger
Wed, Oct 10th, 1984 12:00 AM
Russian
Saint-Petersburg State University
Falletti di Barolo
Telegram - Founder, CEO
VKontakte - CEO & Founder
Telegram founder Pavel Durov wrote in his public channel on Tuesday that the Telegram Open Network (TON) project would be discontinued due to the company’s ongoing legal fight with the U.S. Securities and Exchange Commission (SEC).
As Telegram is at loggerheads with the U.S. SEC, it has delayed the launch of its new network for the second time. Now it will pay U.S. investors 72% of their inputs, while non-U.S. investors may wait for a year and receive either Grams or 110%.
TON OS that is expected to launch in the nearest future will not serve as an alternative to the existing operating systems. Instead, it will be an add-in for devices to support apps based on blockchain.
The New York Judge Kevin Castel claims that Telegram’s TON Grams are securities. But Blockchain Association’s (BA) Kristin Smith put out the fact that Grams only arrive under the security name while being not a security. BA filed the letter of support to the court earlier this week.
Judge Kevin Castel is clearly against Telegram in the case of the GRAM token launch. Federal Judge claims that Telegram founders can not distribute their tokens to anyone, not only to U.S. citizens.