News: Telegram founder Pavel Durov is allowed to leave France, TON jumps 20%

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Telegram founder Durov was detained by the police in France at the end of August 2024 and was accused of money laundering and organized crime-related offenses. Durov was later formally indicted, but was released on bail of 5 million euros, although he was prohibited from leaving France.

However, according to a France24 report, Durov has been temporarily allowed to leave France. Sources indicate that the investigating judge has approved his departure from France for a few weeks, and another source said that Durov's destination is Dubai.

Durov holds passports from Russia, France, and the United Arab Emirates. He initially criticized his own arrest, but later Telegram also announced updates to its privacy measures, seemingly in response to the demands of the Parisian authorities.

According to a source, in January this year, Durov told the French investigating judge during questioning that he "is aware of the seriousness of all the charges". Currently, the Telegram spokesperson has refused to comment when contacted by the media, stating that the company will issue a statement later.

TON Jumps 20%

After the news of Durov's departure from France was released, the TON token jumped 20% to a high of $3.524 within an hour. It has since retreated somewhat, currently trading at $3.299.

Before Durov's trial has concluded, the prosecution is willing to modify the bail conditions, which suggests that the two sides should have completed negotiations, and more information is expected to be available in the near 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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