Scammers earned more than $5 million on the upcoming pre-ICO Telegram

Scammers earned more than $5 million on the upcoming pre-ICO Telegram

In January, TechCrunch published the Whitepaper of the upcoming ICO TON, during which it plans to raise up to $1.2 billion. Scammers used the agio around this: sites of the fake ICO TON platform have already collected at least $5 million, writes TechCrunch.

The largest currently fake site - Gramtoken.io - which now went offline, received more than $5 million from investors. As a confirmation of the "authenticity" of the resource, the creators used the published fragments of White Paper. The owner of the domain declined to comment, TechCrunch couldn't contact the founders of the platform.


Other fake sites related to the ICO project of Pavel Durov continue to work. Among them are ton-gram.io, grampreico.com, and tgram.cc. Each project, according to the publication, earned $30 thousand.

Telegram users in early January received fake offers via e-mail to participate in the launch of the Gram cryptocurrency and the Telegram Open Network platform (TON).

In the letter, the unknown claim to represent the TON management, and offer "one of the first" to acquire tokens to the Gram. On the website of the project, a link to which is contained in the letter, the process of the preliminary sale of tokens is going on - until February 1; its creators plan to collect $ 30 million, "necessary to run the Gram." The minimum amount of $5 thousand is set for 30 thousand Gram tokens.


It was reported that investors will have to invest in the project the real currency (for example, dollars), not bitcoin or ether. In this case, at the stage of the presale, the funds will be attracted only from investment funds and large companies.

It is expected that the distributed supercomputer and money transfer system from Telegram will be able to compete with Visa and Mastercard in a decentralized economy. The developers do not yet disclose how the experience of developing convenient interfaces will help them create a tool for using cryptocurrency, which will replace the traditional payment infrastructure, and complain about the low transaction speed of modern block networks (seven transactions per second for bitcoins and 15 for Ethereum).

Information Source: T echCrunch