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The issue apparently resulted from a fault in the interaction between Telcoin’s digital wallet and a proxy contract that incorrectly performed certain storage functions.

The company revealed that its also running Bitcoin and Lightning network nodes.

Helium's native token is up by 5.71% over the past 24-hours.

The partnership will be a "significant step" in integrating telecom capabilities into the blockchain technology, the firms said.

Polymarket Confident Telegram CEO Pavel Durov Will be Free by October

The head of the popular social-media and messaging platform was arrested on Saturday as part of an investigation into money laundering, drug trafficking, child pornography and non-cooperation with law enforcement crimes.

Telegram and Pavel Durov were probably resisting takedown or information requests from Europe or France, the report said.

Telegram is onboarding the masses and ushering in a new era for public blockchains, says David Zimmerman, a research analyst at K33 Research.