Telegram founder Pavel Durov arrested in France, TON price drops 16%

Telegram founder Pavel Durov arrested in France, TON price drops 16%

Authorities arrested Pavel Durov, the 39-year-old founder and CEO of Telegram, at Le Bourget airport in France. This took place around 8 PM on Saturday. As he disembarked from his private jet, the Air Transport Gendarmerie (GTA) detained him. Durov, who holds both French and Russian nationality, was accompanied by a bodyguard and a woman.

A French search warrant, issued by the Office of the French National Judicial Police Directorate (OFMIN), led to Durov’s arrest. This warrant was part of an ongoing investigation. It applied only within French territory. Therefore, authorities acted when Durov landed in France after traveling from Azerbaijan.

Reasons Behind Durov’s Wanted Status

French authorities included Durov in the Wanted Persons File (FPR) due to serious accusations involving Telegram. Allegedly, Telegram’s features—such as limited content moderation, disposable numbers, and cryptocurrency transactions—enabled illegal activities. These activities included drug trafficking, child abuse, and fraud.

Investigators argue that Durov’s refusal to cooperate with law enforcement made him complicit. His failure to moderate illicit activities on Telegram also contributed. Sources suggest that Durov avoided countries with strict surveillance on Telegram. Instead, he opted to travel to regions like the Emirates, former USSR states, and South America.

After his arrest, investigators from the National Anti-Fraud Office (ONAF) took Durov into custody. He now faces a judge. He could be charged with multiple offenses, including terrorism, drug trafficking, complicity, fraud, money laundering, and involvement in child abuse content.

French authorities believe that Durov’s significant resources and potential flight risk make his pre-trial detention likely. An investigator noted that Durov allowed numerous crimes to occur on his platform. Yet, he did not moderate or cooperate with authorities.

Impact on TON’s Price After Durov’s Arrest

Durov’s arrest caused significant turmoil in the cryptocurrency market, particularly affecting TON, Telegram’s native cryptocurrency. Within an hour of the news, TON’s price plummeted by 16%. This drop reflected investor concerns about Telegram’s future and its associated projects.

The uncertainty surrounding Durov’s legal battle and potential regulatory actions against Telegram has sparked fears. These fears center on increased scrutiny and instability in the digital privacy sector.

France’s Position on Digital Privacy and Crime

Durov’s arrest underscores France’s strong stance on digital privacy. It also highlights efforts to crack down on platforms that facilitate criminal activities. This case has global implications. It underscores the tension between protecting free speech and combating illegal online activities.

This development is likely to influence global discussions on digital privacy. Other nations may face pressure to implement stricter regulations on encrypted messaging services like Telegram. The legal battle ahead will be closely watched for its impact on Durov, Telegram, and the broader implications for digital privacy and security worldwide.

The post Telegram founder Pavel Durov arrested in France, TON price drops 16% appeared first on CryptoSlate.

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