TON, the native token of TON, fell by 7% after Telegram CEO Pavel Durov reported that he has some authorized points in France. In keeping with varied sources, Durov has been accused of 12 crimes, a few of that are linked to cryptocurrencies.
Toncoin’s worth fell to $5.08, a 35% drop from its June excessive, following Pavel Durov’s arrest at Le Bourget Airport. Rumors recommend the fees towards Durov contain illegal cryptology providers and unregistered instruments associated to TON’s blockchain platform.
Different costs attributed to Durov additionally embody cash laundering and failure to cooperate with the authorities. If convicted, he may very well be put behind bars for as much as 20 years.
Nonetheless, these costs will not be but substantiated and there are nonetheless ongoing investigations. Durov could keep in custody till August 28 because the scenario unfolds.
The information has introduced plenty of criticism from totally different personalities equivalent to Elon Musk and Justin Solar who think about the fees as a violation of the privateness rights of people. Some critics level out that the allegations towards Durov are false and can be utilized to prosecute different tech entrepreneurs.
Because the authorized course of continues, the way forward for Toncoin and The Open Community could also be on the road. Telegram has 900 million customers, and TON’s success will depend on integration with it.
As for Durov’s supporters, they count on a contented ending, though the result could have an effect on the event of cryptocurrencies and the battle for privateness rights.
For now, the crypto world is ready to look at how this authorized battle will have an effect on Toncoin and its place in the digital house.
Additionally Learn: Justin Sun Proposes $1M DAO to Support Telegram CEO Pavel Durov
Toncoin Price Dips 7% in 24-hrs amid CEO Durov Faces’ Arrest www.cryptotimes.io 2024-08-27 05:39:30
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