Breaking: Toncoin Price Slips As Telegram Founder Faces France Detention

As a seasoned crypto investor with a knack for navigating the volatile market, I must admit that news like this sends a shiver down my spine. The arrest of Telegram’s founder, Pavel Durov, has certainly cast a long shadow over Toncoin and its price.


The price of Toncoin saw a drop of more than 12% following the news of the arrest of Telegram’s co-founder and CEO, Pavel Durov, in France. Durov, who holds dual French and Russian citizenship, was detained at Le Bourget airport on Saturday evening.

Toncoin Price Slips As Telegram Founder Faces Detention

Reports indicate that Pavel Durov was apprehended approximately 8 PM, upon his arrival from a private jet at Le Bourget airport. He had his bodyguard and a female companion with him during the arrest. The arrest was executed by the Air Transport Gendarmerie (GTA), in accordance with a French search warrant issued by the OFMIN of the national directorate of the French judicial police.

The warrant got triggered because of the continuous probing into Durov’s alleged involvement in diverse illicit activities linked to his messaging service, Telegram, during the course of the investigations.

Pavel Durov, the head of Telegram, was recently apprehended in France due to allegations that he refused to filter truthful information within his platform.

Potential charges include support for terrorism, drug trafficking, complicity in crimes, mass fraud, money laundering, concealment, pedophile content,…

— Andrew Tate (@Cobratate) August 24, 2024

As a researcher, I am examining a situation involving Durov, who was recently apprehended by authorities. He stands accused of various offenses, including allegations of terrorism complicity, narcotics trafficking, fraud, money laundering, and facilitating the dissemination of illicit content such as child pornography. Due to the gravity of these charges and his substantial financial assets, it is anticipated that he may be held in pre-trial detention, as there are fears he might attempt to leave the country.

Meanwhile, Toncoin price has declined over 12% at press time, trading at $6.02.

This Is A Breaking News, Please Check Back For More

Read More

2024-08-25 00:41