In a significant development, Pavel Durov, the founder of Telegram, has reportedly been placed under federal investigation by French authorities. This comes after his recent arrival from Azerbaijan, where he was immediately detained at Le Bourget airport near Paris.
The Investigation:
According to the French National Judicial Police Directorate (OFMI), a search warrant was issued as part of a preliminary investigation. The charges are serious, with allegations linking Durov to illegal activities, including drug trafficking and other crimes. French media outlet TF1 reported that Durov is being investigated for allegedly refusing to cooperate with law enforcement, making him an accomplice to these crimes.
Why This Matters:
Telegram, under Durovâs leadership, has become one of the most widely used messaging apps globally, known for its strong stance on privacy and encryption. However, this very feature has made it a point of concern for governments worldwide, as it can be exploited by bad actors.
Market Reaction:
The news has already impacted
$TON (Telegram Open Network), with the coin currently trading at $6.2. Investors are closely watching how this situation will unfold, as it could have significant implications for Telegramâs future and the broader blockchain projects associated with it.
Notcoinâs Decline
$NOT : In a surprising turn of events, Notcoin, a niche cryptocurrency, has also seen its value drop significantly following the news. While Notcoin is not directly tied to Telegram, the broader market sentiment has led to a sell-off across various digital assets. Traders are speculating that the uncertainty surrounding Durovâs legal troubles could have a ripple effect, causing investors to pull back from high-risk assets.
Next Steps:
While Durovâs legal team has yet to make an official statement, the situation is fluid, and updates are expected as the investigation progresses. The crypto community is also paying close attention, as any developments could influence market sentiment around TON and other related projects.
Conclusion:
This investigation underscores the complex relationship between technology, privacy, and law enforcement. As more details emerge, it will be crucial to monitor how this situation affects Telegramâs operations and its broader impact on the cryptocurrency market.
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