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TERROR IN THE DIGITAL VAULT! You Won’t Believe the Jaw-Dropping Amount of Crypto That’s LITERALLY WORTH NOTHING!

BitcoinCrypto NewsEthereum 3 Kevin Nelson September 1, 2024

A cartoonish illustration of a digital vault with a massive padlock on it, but instead of being secure and locked away, the lock is broken and hanging off its hinges, revealing an empty space inside where $400 million in crypto assets were supposedly stored. A faint image of Pavel Durov's face can be seen in the background, looking worried as he stands outside the vault with his arms crossed.

The Cryptocurrency Circus: Telegram’s $400 Million Bet on Nothing.

Source: cointelegraph

Telegram financial statement shows it holds $400 million in crypto
https://cointelegraph.com/news/telegram-2023-financial-report-digital-assets
The popular messaging app Telegram, whose CEO Pavel Durov was arrested on Aug. 24, reportedly held $400 million in digital assets as of the end of last year, according to the company’s 2023 financial statement. The app had around four million premium users at the close of 2023, a number that has grown to over five million today. Telegram posted an operating loss of $108 million during the year ended […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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