Toncoin Dives as Telegram Founder Detained in France"

Toncoin price has plunged over 16% following the arrest of Telegram’s CEO, Pavel Durov, in France. Durov, holding dual French-Russian citizenship, was detained at Le Bourget airport on Saturday evening.According to TF1, French authorities apprehended Durov around 8 PM after he arrived in his private jet, accompanied by his bodyguard and a woman. The arrest was executed by the Air Transport Gendarmerie (GTA) based on a French warrant issued by the OFMIN, part of the French judicial police.The warrant stems from an investigation into Durov's alleged involvement in illegal activities facilitated through Telegram. The charges range from terrorism and narcotics trafficking to fraud and distributing illegal content, including child exploitation materials.Post-arrest, Durov was placed in custody by the National Anti-Fraud Office (ONAF) under the Customs Directorate. Authorities are concerned about his potential flight risk due to his vast financial resources and the seriousness of the charges. The investigation primarily focuses on Telegram's lack of moderation, which investigators claim has turned the platform into a hub for organized crime.Toncoin, a cryptocurrency linked to Telegram, saw its value drop by over 17%, now trading at $5.66. This decline reflects growing market unease about the future of Telegram and its associated projects, as investors worry about the potential legal fallout from the charges against Durov.