How come the Telegram channel lost so many members then?
Even I don't know that this project has a telegram group. if this is true, I think it happens because the project is already running long enough, and they think there is nothing to worry about. I see a negative comment from someone that this project is a fraud. Is it true?
Its possible. They were promising to continue the ICO this year but its now almost the mid year but they were not yet doing anything and users are now suspicious with the missing whitepaper in their website. You can't blame them after the number of scams in this forum which includes teams doing ICO and disappears after the funds are received.