The price of Bitcoin alternative Toncoin (TON) fell Sunday by 16% (as of the time of writing), following the arrest of TON founder, Telegram CEO Pavel Durov.
Pavel Durov was arrested by French authorities after he landed during the weekend on a private jet at Le Bourget Airport, just north of Paris. Mr. Durov, a native of Russia who resides in the UAE and also holds French citizenship, was arrested under a warrant relating to supposed offenses connected to his Telegram app.
Specifically, Telegram is accused of being much less moderated than other messaging apps and social networks, allowing for the proliferation of illegal activity such as drug trafficking, child pornography, terrorism, and fraud to be organized on Telegram. Mr. Durov and Telegram are also accused of refusing to cooperate with authorities to help stop criminal activity on Telegram.
According to crypto price data, charting and info site Coinmarketcap,…
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