Telegram launched its token sale because it was “short on cash” to pay for servers, the SEC said.
Source: https://www.coindesk.com/sec-cash-strapped-telegram-launched-2018-token-sale-to-pay-for-servers
Source: https://www.coindesk.com/sec-cash-strapped-telegram-launched-2018-token-sale-to-pay-for-servers
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