TON Coin (TON) Price Drops 7% After Telegram CEO Pavel Durov Reportedly Arrested in France

TON, the native token of TON, fell by 7% after Telegram CEO Pavel Durov reported that he has some legal issues in France. According to various sources, Durov has been accused of 12 crimes, some of which are connected to cryptocurrencies.

TON, the native token of Telegram Open Network (TON), has seen a 7% decrease in its value following news that Telegram CEO Pavel Durov is facing legal troubles in France.

Multiple sources have reported that Durov has been accused of 12 offenses, including some related to cryptocurrencies.

Toncoin’s price dropped to $5.08, marking a 35% decline from its June peak, after authorities detained Durov at Le Bourget Airport.

Unconfirmed reports suggest that the charges against Durov involve illicit cryptology services and unregistered instruments connected to TON’s blockchain platform.

Durov is also said to be facing charges of money laundering and obstructing authorities. If found guilty, he could face up to 20 years in prison.

However, it's important to note that these charges are yet to be proven, and investigations are still ongoing. Durov might remain in custody till August 28 as the situation unfolds.

This news has garnered criticism from several figures, including Elon Musk and Justin Sun, who view these charges as an infringement on individuals' privacy rights. Some critics argue that the allegations against Durov are fabricated and could be used to target other tech entrepreneurs.

As the legal proceedings continue, the fate of Toncoin and The Open Network could be hanging in the balance. Telegram boasts 900 million users, and TON’s success hinges on its integration with the messaging platform.

Durov's supporters anticipate a favorable outcome, رغم أن, the resolution could impact the development of cryptocurrencies and the fight for privacy rights.

For now, the crypto world watches on, awaiting the outcome of this legal battle and its تأثير on Toncoin's standing in the digital realm.

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