News & Blog

Toncoin (TON) declines after arrest of Telegram CEO Pavel Durov

Toncoin (TON) declines after arrest of Telegram CEO Pavel Durov
26-08-2024


The price of Toncoin (TON) took a significant dive over the weekend. The cryptocurrency dropped nearly 20% during this past weekend. Currently, it is slowly starting to recover, having risen by 0.8% in the last 24 hours.

Over the weekend, French media reported that Durov, the CEO and founder of Telegram, was arrested. He was detained at Le Bourget Airport in Paris by OFMIN, a special police unit. According to the arrest warrant, Telegram has not been doing enough to combat illegal activities, for which Durov is being held responsible.

What is particularly striking about this arrest is that Durov was even present in France. The CEO of Telegram was aware that he was being sought. Elon Musk immediately called for Durov's release on X.

Despite Pavel Durov's legal troubles, the TON ecosystem remains operational. TON, the blockchain system integrated with Telegram, continues to function without any interruption.
Coinmerce App Buy Bitcoin, Ethereum
Download
Pocket power

The prices and percentages displayed are fictitious and do not reflect real-world values.

Scan
Download the app

Scan the QR Code

Download the app

Easy to use, clear to follow, always within reach.

Download on App Store Download on Google Play
Scan
Trustpilot

Trustpilot 4.1

1308 reviews

Google

Google Reviews 4.1

617 reviews

App Store

App Store 4.3

334 reviews

Google Store

Google Play 4.3

831 reviews