Telegram, the popular encrypted messaging app known for its privacy features, has become a thriving marketplace for illicit goods and services, according to a recent investigation by Fortune Crypto. The platform’s end-to-end encryption, designed to protect user communications, has inadvertently created a haven for illegal activities, mirroring the anonymity of the dark web. Telegram’s blockchain […]
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- Telegram becomes a haven for illicit activities due to encryption.
- Toncoin offers Telegram a path to monetization without ads.
- Experts warn crypto could fuel illegal activity on Telegram.
Telegram, the popular encrypted messaging app known for its privacy features, has become a thriving marketplace for illicit goods and services, according to a recent investigation by Fortune Crypto.
The platform’s end-to-end encryption, designed to protect user communications, has inadvertently created a haven for illegal activities, mirroring the anonymity of the dark web.
Telegram’s blockchain project, The Open Network (TON), with its native cryptocurrency Toncoin, has been hailed as a potential solution for monetization while complying with regulations. Cosmo Jiang, an executive at Pantera Capital, a venture capital firm with a significant investment in TON, stated that Toncoin offers “the highest potential to keep its control and monetize.” Jiang also noted that Toncoin is Telegram’s “largest liquid asset on their balance sheet.”
However, skeptics argue that Telegram’s crypto project could exacerbate it…
The post Telegram’s Dark Side: Encrypted App Becomes Haven for Illicit Activity appeared first on Coin Edition.