Russian messaging app company Telegram has conducted a whopping initial coin offering (ICOs) by raising $1.7 billion via two rounds of sales, Bitcoin.com reports. The company initially raised $850 million during an initial private sale and then doubled that on the second round. Bitcoin.com notes there have been reports that Telegram’s team may ultimately continue raising capital until it reaches $2.25 billion. Some prominent cryptocurrency investors are steering clear of Telegram’s ICO, however, according to Bitcoin.com. Read more here.