Steve Gibson did a pretty detailed analysis of Telegram on Security Now #444, recorded 25 Feb 2014. He concluded that Telegram's security was inadequate and recommended Threema as an alternative.
Thanks for the link to the security-now show, good stuff and does a good job of explaining the reservations in the crypto community around Telegram. I'm now looking at other options.
I do like that Telegram launched with an API, but ya, it sounds like security isn't something that can be trusted. Thanks for the informative link.