DWF Labs Founder Buys $500K TON to Support Telegram CEO's Release

IconCryptoNewsTerminal Staff25 Aug, 2024

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DWF Labs Founder Buys $500K TON to Support Telegram CEO's Release

DWF Labs founder Andrey Grachev announced that he purchased $500,000 worth of TON to support the release of Telegram CEO Pavel Durov, who was detained in France. Grachev's purchase is a sign of support for TON, a blockchain project created by Telegram. The project has faced legal challenges, but Grachev's purchase could help boost its credibility and support its development. TON is a decentralized blockchain platform designed to handle high volumes of transactions. It is based on the Telegram Open Network and is one of the most anticipated blockchain projects in the world.