The arrest of Telegram CEO Pavel Durov at a Paris airport has sent shockwaves through the cryptocurrency world, with the TON coin dipping 17% in response. Durov, known for his strong stance on user privacy and encryption, was detained by French authorities on Saturday, sparking concerns about the future of the popular messaging app.
The investigation against Durov focuses on the lack of content moderation on Telegram, with authorities worried about the platform being used for criminal activities. Despite the arrest, the TON blockchain network remains operational, with the team behind it reassuring the community of its stability.
With over 900 million active users, Telegram has become a staple in the messaging app world. However, its lack of content moderation has drawn criticism and accusations of facilitating criminal activities. The connection between Telegram and TON has been a driving force behind the coin’s price surge, but Durov’s arrest has caused a significant drop in its value.
As Durov faces serious charges in France, including terrorism, drug trafficking, fraud, money laundering, and child abuse content, the future of Telegram and the TON coin remains uncertain. The cryptocurrency community will be closely watching the developments in this high-profile case.
