Russian Billionaire Roman Abramovich Invested in Crypto

According to a previously unreported court document, Russian billionaire Roman Abramovich is an investor in the Telegram Open Network cryptocurrency project.

U.S. Securities and Exchange Commission (SEC) has secured the suspension of the Telegram ICO, as it believes that Pavel Durov’s company violated the securities laws by failing to register its 2018 token sale.

As the portal Coin Desk clarifies, referring to one of the court documents, Roman Abramovich invested in Gram cryptocurrency through offshore funds.

For example, the Norma Investments Limited fund, registered in the British Virgin Islands, has invested $10 million in the TON crypto project. This fund is controlled by Abramovich, who also owns the popular Chelsea football club.

Rumors that the Russian billionaire is an investor in the Durov project appeared in 2018. However, the businessman himself did neither confirm nor deny the information that appeared in the media.

Author: Marko Vidrih

Featured image credit: YouTube