Spokesperson for coins
Telegram founder Pavel Durov has been arrested in France and is expected to appear in court on Sunday
Pavel Durov, the man behind the popular messaging app TelegramHe was arrested at Bourget airport outside Paris, according to reports. TF1 TV and BFM TelevisionDurov, whose net worth is estimated at more than $15 billion, landed in France from Azerbaijan and was arrested at 1800 GMT on Saturday.
The incident comes amid an investigation French authorities have launched into Telegram over a lack of censorship and moderation on the messaging app, which is used by privacy-conscious people. French agency OFMIN has targeted Durov for failing to integrate strict measures into his platform to control illicit use of Telegram.
OFMIN was founded in 2023 and its mission is to prevent child abuse, cyberbullying, drug trafficking, etc. Now, it aims to take down Telegram for its failure to comply with regional laws, which has caused the platform to become a breeding ground for explicit and sometimes misleading content.
Durov faces possible indictment on Sunday, while the Russian embassy in France is taking “immediate steps” to resolve the situation, TASS reported. report However, Durov’s team “has not submitted any application.”
Telegram has become a huge success story with over 1 billion users. The end-to-end encrypted platform allows users to create channels for the rapid delivery of information and is a popular tool used in the digital asset sector.
Some of the major Telegram-based blockchain projects include Notcoin (NO) and Hamster Kombat (HMSTR). These viral Telegram games have a huge community with a massive fan base. The NOT token rallied massively earlier this year during the HMSTR (TGE) token generation event. It has not yet taken place.
Dogecoin (DOGE) fan Elon Musk and Robert Francis Kennedy Jr., an independent presidential candidate who dropped out earlier this week and endorsed Donald Trump, called for Durov’s release and advocated for freedom of speech.
The Fall of Toncoin (TON)
Ton coin (TON), the native digital asset of The Open Network, the blockchain associated with the Telegram platform, has plummeted by a whopping 18.5% over the past 24 hours. While the altcoin’s trading volume increased by a massive 732.63% to $2.1 billion, the cryptocurrency’s market cap fell to $13.8 billion, while TON remains in the top 10 list of crypto assets by market cap.
- Source: TradingView
However, since August 2023, TON has risen by 282.73% and the blockchain integration with Telegram has been quite successful for Toncoin. Furthermore, the TradingView chart shown above shows that TON’s Relative Strength Index has a value of 35.70, which means that the selling pressure is quite high and the bears are in overall control of Toncoin’s price action.
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