According to Bloomberg, Telegram’s ICO could be the first to break $2 Billion, making it the single largest ICO in history. The public sale isn’t set to start until March, but that hasn’t stopped various scam websites from capitalizing on cryptocurrency holders two favorite things: hype and fear of missing out (FOMO).
News of Telegram’s ICO, Telegram Open Network (TON), first broke in the final weeks of December. Ever since the announcement, people have been losing money hand over fist to fly by night websites claiming to offer TON tokens.
This should come as no surprise given the importance of Telegram chats to the cryptocurrency and investment world. English and Russian versions of its whitepaper and investor prospectuses, were widely leaked across the internet. Providing scammers all the information they needed to appear legitimate enough for people to blindly invest without much further thought or due diligence.
The largest amongst these scams was the website Gramtoken.io. The site’s tracker last showed to have “raised” more than $5 million before it went down last Wednesday. They used information from the leaked whitepapers including the project roadmap, team members, and the leaked whitepaper itself.
Bitcoin (BTC) Crosses 55k And Is Heading Towards 60k Fast!
Less than two months into 2021, the price of bitcoin has risen 95.4%.
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Binance Coin (BNB) Is Heading Towards $300 With A 60% Increase Today!
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Elon Musk Suggests Major Dogecoin Holders To Sell
Billionaire Tesla CEO Elon Musk urged some of the top hodlers of Dogecoin to sell their holdings and take profit. He said he was concerned that a small number of people are hoarding too much of the cryptocurrency.
If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo.
— Elon Musk (@elonmusk) February 14, 2021
He later added that he would pay actual money for them to just void their accounts. This caused the cryptocurrency to spike initially then drop down to 4.8 cents late Sunday, a roughly 45 percent drop from the all time high of 8.7 cents reached just last week.
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