Tether CEO: Pavel Durov’s Arrest Very Concerning; ‘Dark Ages Will Be Our Future’

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As a seasoned analyst with a keen eye for trends and a deep understanding of the complexities of the crypto space, I find myself deeply troubled by the recent arrest of Pavel Durov, the visionary behind Telegram and TON. My life’s work has been centered around the intersections of technology, freedom, and innovation, and this incident strikes at the very heart of these principles.

As a crypto investor, I’ve been following the news about the arrest of Telegram and TON founder, Pavel Durov, with a mix of concern and intrigue. Paolo Ardoino, the CEO of Tether stablecoin issuer and CTO at Bitfinex exchange, has expressed similar sentiments in a recent tweet.

A wealthy individual was detained at a Paris airport in France following his departure from a former CIS region, after landing via his private jet. This individual could potentially serve up to 20 years in prison for failing to collaborate with French law enforcement officials and for resisting censorship efforts on the messaging platform Telegram. French authorities assert that this non-compliance has contributed significantly to an escalation of unlawful and criminal conduct within the app.

Numerous advocates of cryptocurrencies and supporters of free expression have expressed significant worries over Durov’s detention.

Elon Musk and crypto influencers support Durov

The community associated with cryptocurrencies has expressed solidarity with Pavel Durov following his arrest, voicing support for his release and appealing to French authorities to do so. Elon Musk, the founder of X social media platform, was among the early influential figures to respond to this news by posting a tweet on the subject. He employed the hashtag #FreePavel to express his sentiments.

Paolo Ardoino expressed his worry on Twitter over the arrest of Pavel Durov, stating it’s troubling because he allows open dialogue via Telegram.

According to Ardoino, there’s a risk that the global community might lose “the struggle to safeguard free speech and communication” if governments persist in suppressing social media platforms unwilling to comply with stringent censorship requirements, like Telegram or X (previously Twitter), which is currently under Elon Musk’s ownership.

1. It’s troubling that Pavel Durov was apprehended for facilitating free speech discussions via Telegram. If we fail to uphold the defense of free speech and communication, it may not matter what else transpires, as we could find ourselves in a period reminiscent of the dark ages.

— Paolo Ardoino 🤖🍐 (@paoloardoino) August 26, 2024

Should this outcome take place, Ardoino pointed out, “dark ages will be our future.”

Justin Sun offers $1 million donation to help free Durov

Founder of the Tron blockchain Justin Sun also took to the X app to stand with the arrested Pavel Durov. The cryptocurrency billionaire believes that the whole cryptocurrency space should show their unity and organize “a #FreePavel DAO” to allow Durov gain freedom by legal means.

Sun announced that he intends to contribute one million dollars to a decentralized autonomous organization, provided it comes into existence with sufficient backing from the cryptocurrency community. He additionally invited Elon Musk and Mario Nawfal, both entrepreneurs and angel investors, to participate in this endeavor alongside him.

Let’s demonstrate solidarity within the cryptocurrency sector by establishing a #FreePavel DAO aimed at assisting Telegram founder Pavel Durov in obtaining legal freedom. If it’s set up as a truly decentralized organization with sufficient community backing, I pledge $1 million towards its cause. @elonmusk @MarioNawfal, will you join us?

— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 25, 2024

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2024-08-26 16:32