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U.Immediately – Pavel Durov, a 39-year-old entrepreneur identified for creating the moment messaging service Telegram, was arrested Saturday night time at Le Bourget airport. Based on the costs, which embody terrorism, medication, complicity, fraud, cash laundering, he faces as much as 20 years in jail.
The native token TON, actively utilized in Telegram, has already reacted, falling 15% in value and 61.3% in complete worth locked within the blockchain.
The response, in fact, stirred social media, and specifically the crypto area. Amongst those that weighed in was Max Keiser, identified for his maximalist views on (BTC) and as an advisor to Nayib Bukele, president of El Salvador.
In a brand new put up on X, Keiser burdened that BTC stays the one actually safe cryptocurrency. He identified that different altcoins, similar to and , are extra prone to authorized issues, whereas Bitcoin’s creator, Satoshi Nakamoto, remained nameless to keep away from these dangers.
Bitcoin subsequent?
The knowledge of the nameless Bitcoin co-founder relating to his incognito has undoubtedly performed out in new colours yesterday.
Nonetheless, there may be additionally the opinion that if the authorities succeed within the Durov case, Bitcoin won’t survive for lengthy, and if Satoshi Nakamoto’s id might be decided by Interpol strategies, he would have been arrested way back. Both method, BTC is within the crosshairs, some consider.
If Telegram falls, the primary cryptocurrency may fall, though they aren’t linked externally or internally. Skeptics consider that the federal government, having received as soon as, will need to repeat the banquet.
This text was initially printed on U.Immediately