On January 6th, it was reported that Telegram’s $500 million in Russian bonds were frozen by sanctions imposed due to Western actions against Russia, which complicates their debt buyback plan.
Despite the challenges, Telegram’s revenue increased by 65% year-on-year to 870 million USD. However, it faced a net loss of 222 million USD, largely caused by the devaluation of Toncoin.
Telegram continues to distance itself from Moscow while integrating the Ton ecosystem and preparing for an IPO, indicating its intention to manage financial risks effectively.
Leave a Reply