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- Telegram founder Pavel Durov was arrested in France for allegedly failing to censor the reality on his utility.
- The arrest led to a 16% drop within the value of TON, which is now buying and selling at $5.62.
- Elon Musk has come out supporting Durov, emphasizing the significance of freedom of speech.
Telegram founder Pavel Durov was arrested at Le Bourget airport in France round 8 PM on Saturday. The French-Russian nationwide was detained upon arriving from Azerbaijan attributable to a French search warrant issued by the Workplace of the French Nationwide Judicial Police Directorate.
The warrant was based mostly on allegations that Telegram facilitated unlawful actions akin to drug trafficking, little one abuse, and fraud attributable to its lack of content material moderation. French authorities declare Durov’s refusal to cooperate with legislation enforcement made him an confederate. He had been avoiding nations the place Telegram was beneath scrutiny.
Following his arrest, Durov was positioned in custody and is anticipated to face fees together with terrorism, drug trafficking, complicity, fraud, cash laundering, and involvement in little one abuse content material. Authorities consider his pre-trial detention is probably going attributable to his vital sources and flight danger.
Pavel Durov’s arrest brought on a 16% drop within the value of TON, Telegram’s cryptocurrency, inside an hour of the information. The crypto group is anxious about the way forward for Telegram and its initiatives, fearing elevated regulatory scrutiny and instability. At press time, TON trades at $5.62, down considerably from the intraday excessive of $8.24.
In the meantime, the TON group took to social media platform X to guarantee members that regardless of the current information about Telegram founder Pavel Durov, the group stays robust and absolutely operational.
They emphasised their dedication to freedom of speech and decentralization, standing firmly by Durov. The group stays centered on its mission and encourages everybody to remain calm, united, and proceed constructing.
Elon Musk, identified for his stance on freedom of speech, has reacted to Pavel Durov’s arrest. Musk posted a number of messages supporting Durov, together with one which likens the situation to being executed for liking a meme in Europe in 2030.
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