Heavy! Telegram founder Durov was arrested and could be sentenced to 20 years in prison. TON fell 17%

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Pavel Durov, the founder and CEO of Telegram, a global messaging software with 900 million users, was detained by the French Anti-Fraud Office after flying from Azerbaijan to Paris-Le Bourget Airport on a private plane on the evening of August 24. The reason for the detention The Telegram platform is involved in illegal activities such as money laundering, drug smuggling, and dissemination of pedophile content, and is wanted by the French government.

Durov faces up to 20 years in prison

According to sources, Pavel Durov was arrested when he arrived at Buge Airport from Azerbaijan on a private plane. At that time, he was accompanied by bodyguards and a woman. Pavel Durov could face serious charges of terrorism, drug trafficking, fraud and money laundering after officials from France's anti-fraud office detained him, according to sources. He will appear in court tomorrow night and could be sentenced to up to 20 years in prison if found guilty.

It is understood that Telegram is headquartered in Dubai. This platform has great influence in Russia, Ukraine and other former Soviet countries. It has become a major information dissemination channel especially during the Russia-Ukraine war. Durov’s personal wealth is estimated to be 15.5 billion. US dollar, he once emphasized that Telegram should remain "neutral" and should not get involved in geopolitical disputes.

In fact, Durov left Russia as early as 2014 because he refused to cooperate with the Russian government's closure of opposition accounts and began his life in exile. Now, he has once again clashed with the government over Telegram's operational issues. His future fate remains to be determined by the French court. Final verdict.

TON plunged 16%

In 2017, Telegram developed the Telegram Open Network (TON) blockchain project and raised US$1.7 billion through ICO, but abandoned the project after an SEC investigation. Since then, Telegram Open Network has continued to be developed by the community.

Starting in 2022, the development of the TON ecosystem will gradually accelerate, and it will be publicly supported by Pavel Durov. Under many recent official announcements, TON and Telegram will have a deeper integration. The relationship is self-evident. Pavel Durov also said in an interview in April this year He and his brother, Telegram co-founder Nikolai Durov, did not give up their equity in the company.

After the news of Pavel Durov's arrest was released, the price of TON plummeted 17%, from 6.8 mg to 5.63 US dollars. The crypto market will pay close attention to whether the dark horse public chain TON will be affected in the future.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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