Telegram CEO Pavel Durov Arrested in France: The price of TON has plummeted by nearly 16%

Summary: Hello everyone, Pavel Durov, CEO of Telegram, has just been arrested in France. This article will provide information about this event and its impact on the value of the TON cryptocurrency. We will examine the reasons behind the arrest, the controversy surrounding Telegram and its impact on the cryptocurrency market. However, at this time, information about this incident is limited, and the article will try to update information as objectively and accurately as possible.

Pavel Durov: From social media “tycoon” to “prey” of the law?

Pavel Durov, founder of social network VK and encrypted messaging app Telegram, is known as a symbol of freedom of speech and online privacy. However, his life has not been without challenges.

Durov has faced immense pressure from the Russian government over content moderation and requests for user data. He has repeatedly refused to comply with these requests, leading to serious conflicts and ultimately forcing him to “voluntarily seek asylum” in 2014.

It seems that Durov’s life in exile has come to an end as he was arrested at Le Bourget Airport, France on August 24, 2024.

Durov’s Arrest: Reasons and Controversies

According to sources, Durov was arrested due to a French arrest warrant, related to allegations of Telegram’s complicity in drug trafficking, child pornography and fraud.

French authorities claim Telegram has failed to adequately moderate content and has not cooperated with law enforcement agencies, arguing that the app provides tools for criminals, such as disposable phone numbers and cryptocurrency.

At present, there is no official information about any specific evidence presented to prove Telegram’s complicity.

The arrest has sparked controversy surrounding Telegram.

Many believe that Telegram’s lack of strict content moderation is a risk to national security, while others support user privacy and argue that Telegram is being “bullied” by the French government.

Impact on the crypto market: TON price drops sharply

Durov’s arrest has sent shockwaves through the cryptocurrency market. The price of TON, Telegram’s cryptocurrency project, plummeted 16% immediately after the news broke, falling from $6.8 to $5.78.

The sharp drop in TON’s value is due to investor panic. They are concerned about the possibility of Telegram facing difficulties in developing and deploying the TON project after Durov’s arrest.

This event demonstrates the close relationship between the cryptocurrency market and political and legal factors. An unexpected event can cause significant market volatility, regardless of the project’s potential and technology.

Summary of Information Regarding Pavel Durov’s Arrest in France

Content	Information	Note
Person Arrested	Pavel Durov	CEO of Telegram, founder of VK
Place of Arrest	Le Bourget Airport, France	August 24, 2024
Reason for Arrest	French arrest warrant	Related to allegations of Telegram’s complicity in drug trafficking, child pornography, and fraud.
Law Enforcement Agency	French authorities	Specific agency not yet identified
Current Status	Unknown	No information available about Durov’s detention or release.
Telegram’s Response	No official statement yet
Impact on TON Price	Abrupt 20% drop	The value of TON cryptocurrency significantly decreased after the arrest news.
Impact on NOT Price	Abrupt 6-10% drop	The value of NOT (the most prominent Tap-to-earn project on the TON system) was also affected, dropping by 6-10%.
Controversy Surrounding Telegram	Content moderation, privacy	Some argue for stricter content control to prevent crime, while others advocate for user privacy.
Telegram’s Future	Uncertain	This incident may impact Telegram’s operation and development.

Note: This information is based on currently available public information. Information is subject to change and updates over time.

Comments

Pavel Durov’s arrest is an unfortunate event, marking a turning point in the ongoing battle between privacy and online censorship. This incident serves as a reminder of the potential risks of operating in a complex legal and political environment, especially in revolutionary technological fields like cryptocurrency and social media.

Regardless of the specific reasons for the arrest, this event raises many questions about the future of Telegram, the TON project, and the cryptocurrency industry as a whole. Can Telegram continue to exist and thrive in an increasingly strict legal environment? Can TON, Telegram’s ambitious project, overcome its current challenges? These questions will only be answered in due time, and this event will undoubtedly have lasting consequences for the industry.

Related information

Pavel Durov became a French citizen in August 2021.

Telegram has over 700 million users worldwide.

Durov is a libertarian, supporting freedom of speech and privacy.

Conclusion

The arrest of Pavel Durov is a notable event with negative impacts on the cryptocurrency market.

The future of Telegram and the TON project remains unclear, but the incident has shed light on the challenges facing the cryptocurrency industry.

Will Durov be able to escape the legal process and continue to lead Telegram? People are waiting for answers. However, we need to wait for more official information from the authorities to get a clearer picture of the situation.