Telegram Founder Arrested in France, TON Crypto Plunges 16%

In a shocking development, Pavel Durov, the 39-year-old founder and CEO of the popular encrypted messaging app Telegram, was arrested at Le Bourget airport in France on Saturday evening. The arrest, executed by the Air Transport Gendarmerie (GTA), was based on a French search warrant issued by the Office of the French National Judicial Police Directorate (OFMIN). Durov, a French-Russian national, was detained upon arrival from Azerbaijan, accompanied by a bodyguard and a woman.

The arrest stems from serious allegations against Telegram, including facilitating illegal activities such as drug trafficking, child abuse crimes, and fraud. French authorities claim that Durov’s refusal to cooperate with law enforcement and failure to moderate illicit content on Telegram made him an accomplice to these crimes. The charges Durov could face are numerous and severe, including terrorism, drug trafficking, complicity, fraud, money laundering, and involvement in child abuse content.

The news of Durov’s arrest sent shockwaves through the cryptocurrency community, causing a sharp 16% decline in the price of TON, Telegram’s native cryptocurrency, within an hour of the announcement. This sudden drop reflects investor concerns about the future of Telegram and its associated projects, as well as fears of increased regulatory scrutiny in the crypto space.

Durov’s arrest signals France’s strong stance on digital privacy and its determination to crack down on platforms perceived to be facilitating criminal activities. This case has far-reaching implications, highlighting the ongoing tension between free speech and the need to combat illegal online activities. As the legal battle unfolds, it will likely pressure other countries to enforce stricter regulations on encrypted messaging apps and cryptocurrencies, potentially reshaping the landscape of digital privacy and security worldwide.

Leave a Reply

Your email address will not be published. Required fields are marked *