Telegram Founder Clarifies No Russian Capital Involvement Amid Frozen Bonds

KuCoinFlash

Release Time: 01/07/2026 01:46:08

Summary

On January 7, 2026, Telegram founder Pavel Durov addressed recent cryptocurrency-related news and rumors, confirming that no Russian capital is involved in the company's $1.7 billion bond issuance. He clarified that bondholders are not shareholders and have no authority to make decisions. Most of the 2021 bonds have already been repaid. On-chain data indicates that $50 million in bonds linked to Russian entities were frozen in 2024 due to sanctions. Durov remains the sole shareholder of the company.

BlockBeats news: On January 7, Pavel Durov, founder of Telegram, posted on his personal channel stating that despite some baseless panic talk, Telegram does not rely on Russian capital. In our recent $1.7 billion bond issuance, there was no participation from Russian investors. The old bonds issued in 2021 have been largely repaid and pose no issues. In any case, bondholders are not shareholders of the company and have no say in Telegram's decision-making. I am the sole shareholder of the company.

BlockBeats previously reported that the Financial Times said Telegram's approximately $500 million in Russian bonds were frozen due to Western sanctions.

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