The founder of Telegram was "bailed but prohibited from leaving the law" with 5 million euros, and the prosecutor officially opened a case to investigate Durov

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Pavel Durov, the founder of social messaging software Telegram, was transferred to a French court last night after several hours of questioning. The French prosecutors issued a statement early this morning (29th) stating that Dulov was formally investigated by the prosecutors on suspicion of conspiracy to commit illegal transactions, money laundering, and refusal to provide information to the authorities. The bail was set at 5 million euros (approximately NT$5 million). NT$176 million), must report to the police station twice a week, and are restricted from leaving France.

According to CNN, the formal investigation announced by the prosecutor does not mean that Durov is guilty and he has not been formally charged, but it indicates that prosecutors believe there are sufficient grounds to conduct a serious official investigation . But in the worst-case scenario, the alleged conduct he was being investigated for carries a 10-year prison sentence.

Pavel Durov leaving the court scene video

After it was announced that he could be released on bail, Durov quickly left the court, but he did not leave through the main entrance of the court where reporters were gathered, but quietly left through a side door.

According to the footage provided by BRICS News, you can see that he was wearing black clothes and a black baseball cap. After he came out, he quickly put on sunglasses and accompanied the security guard or lawyer, quickly got into a small van and drove away without saying anything. Comment.

TON price fluctuations

As for the price of TON, at close to 10 o'clock last night, someone in the community misreported that he had been released (actually transferred from the anti-fraud office to the court), which briefly pushed TON close to $6, but it soon fell back after the news was confirmed.

Then at three o'clock in the morning, after the official announced the bail conditions and launched a formal investigation, it fell rapidly but quickly recovered. It was trading at $5.635 at the time of writing, up 5.6% in the past 24 hours.

French prosecutors charge Pavel Durov with 12 counts

According to a statement issued by the Paris prosecutor on the 26th, the specific 12 charges against Pavel Durov are as follows:

  • Accomplice: Manage an online platform to assist a criminal group in conducting illegal transactions
  • Refusal to provide relevant authorities with information or documents necessary to conduct and operate a legally permitted interception
  • Accomplice: Possession of pornographic images of minors
  • Accomplice: Organizing a criminal group to disseminate, provide or publish pornographic images of minors
  • Accomplice: Obtaining, transporting, possessing, providing or transferring drugs
  • Complicity: Providing, transferring or making available without justifiable reasons equipment, tools, programs or data designed or adapted to disrupt and gain access to automated data processing systems,
  • Accomplice: Organizational Fraud
  • Participation in a crime or criminal group with the intention of committing a crime or misdemeanor punishable by at least 5 years in prison
  • Money Laundering: Proceeds from Organized Group Crime and Crime
  • Providing encryption services designed to ensure confidentiality without declaration of certification
  • Provide undeclared encryption tools that go beyond authentication or integrity monitoring.
  • Import cryptographic tools that do more than just authentication or integrity monitoring and are not declared in advance.

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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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