Toncoin price falls as Telegram founder is jailed in France

Toncoin price has fallen by over 12% following the announcement of the arrest of Telegram founder and CEO Pavel Durov in France. Durov, a French-Russian national, was arrested at Le Bourget airport on Saturday evening.

Toncoin price falls as Telegram founder faces arrest

According to reports, Pavel Durov was arrested at around 8 p.m. as he disembarked from his private jet at Le Bourget airport. He was accompanied by his bodyguard and a woman at the time of the arrest. The operation was carried out by the Air Transport Gendarmerie (GTA) on the basis of a French search warrant issued by the OFMIN of the national directorate of the French criminal police.

This arrest warrant was obtained due to ongoing investigations into Durov's connection to various criminal activities via his Telegram platform.

Telegram owner Pavel Durov was just arrested in France for failing to censor the truth in his application.

Possible charges include support of terrorism, drug trafficking, aiding and abetting crimes, mass fraud, money laundering, concealment, pedophile content, etc.

— Andrew Tate (@Cobratate) 24 August 2024

Following his arrest, Durov was taken into police custody. He is expected to face several charges, including aiding and abetting terrorism, drug trafficking, fraud, money laundering and promoting the distribution of illegal content such as paedophilia. Given the seriousness of these charges and Durov's considerable financial resources, authorities believe pre-trial detention is almost certain amid fears he may flee the country.

Meanwhile, the Toncoin price has fallen by over 12% at press time and is at $6.02.

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Kelvin Munene Murithi

Kelvin is a renowned writer specializing in crypto and finance with a bachelor's degree in actuarial science. He is known for his sharp analysis and insightful content, has a strong command of English, and excels in thorough research and timely delivery.

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