NewsBriefs - TON Foundation clarifies $400M in Toncoin held by top US VCs, not raised

Mar 21, 1:00 PM TON

TON Foundation clarifies $400M in Toncoin held by top US VCs, not raised

TON Foundation has clarified that it has not raised $400 million. Instead, leading US venture capital firms including Sequoia Capital, Ribbit, Benchmark, and Kingsway have invested this amount in buying Toncoin. These firms are supporting the TON blockchain, which powers apps within the Telegram ecosystem, with over 40 million active users and 121 million Toncoin holders. The investment was made in Toncoin rather than traditional equity or cash.

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• Jul 30, 8:20 PM The Block

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• Jul 30, 5:20 PM The Block

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• Jul 30, 1:49 AM The Block

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• Jul 29, 8:22 PM Blockworks

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• Jul 25, 6:22 AM The Smarter Web Company

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• Jul 25, 2:38 AM Decrypt

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• Jul 15, 9:53 PM The Block

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• Jul 11, 11:18 AM Cointelegraph

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• Jul 10, 4:26 PM The Block

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• Jul 10, 4:02 PM Ethereum Foundation

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• Jul 10, 4:23 AM Hyperliquid

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• Jul 10, 2:12 AM The Block

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• Jul 9, 5:45 PM CoinDesk

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