Thursday, September 19, 2024

Telegram founder Pavel Durov arrested in France, TON value drops 16%

Pavel Durov, the 39-year-old founder and CEO of the encrypted messaging app Telegram, was arrested round 8 PM on Saturday at Le Bourget airport in France. Durov, a French-Russian nationwide, was detained by the Air Transport Gendarmerie (GTA) upon disembarking from his personal jet. He was accompanied by a bodyguard and a girl.

Durov’s arrest was triggered by a French search warrant issued by the Workplace of the French Nationwide Judicial Police Directorate (OFMIN), based mostly on a preliminary investigation. The warrant was legitimate solely on French territory, making this arrest doable as Durov landed in France from Azerbaijan.

Authorized troubles: Why Durov was needed

In line with French authorities, Durov was listed within the Needed Individuals File (FPR) resulting from severe allegations in opposition to Telegram. The platform’s options, together with its lack of content material moderation, use of disposable numbers, and cryptocurrencies, are believed to have facilitated unlawful actions reminiscent of drug trafficking, little one abuse crimes, and fraud.

French investigators declare that Durov’s refusal to cooperate with legislation enforcement and his failure to average illicit content material on Telegram made him an confederate to those crimes. Sources near the investigation indicated that Durov had been avoiding nations the place Telegram was below surveillance, preferring to journey to areas just like the Emirates, former USSR nations, and South America.

Potential prices and authorized penalties

Following his arrest, Durov was positioned in custody by investigators from the Nationwide Anti-Fraud Workplace (ONAF) and is predicted to seem earlier than an investigating decide. He might face a mess of prices, together with terrorism, drug trafficking, complicity, fraud, cash laundering, and involvement in little one abuse content material.

French authorities imagine Durov’s pre-trial detention is sort of sure, given his vital assets and the danger of him fleeing. An investigator commented:

“On his platform, he allowed numerous offenses and crimes to be dedicated for which he does nothing to average or cooperate.”

Impression on TON’s value

The arrest of Pavel Durov has despatched shockwaves by the crypto group, resulting in a big drop within the value of TON, Telegram’s native cryptocurrency. Inside an hour of the information breaking, TON’s value plummeted by 16%, reflecting investor issues over the way forward for Telegram and its related initiatives.

The uncertainty surrounding Durov’s authorized battle and the potential crackdown on Telegram have raised fears of elevated regulatory scrutiny and instability.

A International Sign: France’s stance on digital privateness and crime

Durov’s arrest indicators France’s robust stance on digital privateness and its crackdown on platforms perceived to be facilitating prison actions. The case has worldwide implications, because it highlights the stress between free speech and the necessity to fight unlawful on-line actions.

This crackdown is more likely to resonate globally, pressuring different nations to implement stricter rules on encrypted messaging apps like Telegram. The unfolding authorized battle can be carefully watched, not just for its influence on Durov and Telegram but additionally for its broader implications on digital privateness and safety worldwide.

Toncoin Market Knowledge

On the time of press 12:21 am UTC on Aug. 25, 2024, Toncoin is ranked #9 by market cap and the value is down 15.5% over the previous 24 hours. Toncoin has a market capitalization of $14.41 billion with a 24-hour buying and selling quantity of $1.18 billion. Study extra about Toncoin ›

Crypto Market Abstract

On the time of press 12:21 am UTC on Aug. 25, 2024, the entire crypto market is valued at at $2.26 trillion with a 24-hour quantity of $60 billion. Bitcoin dominance is at present at 55.98%. Study extra in regards to the crypto market ›

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