Breaking news: Telegram CEO detained! Is the sky falling?
This morning, Telegram CEO Pavel Durov (@durov) was arrested after landing in France. Subsequently, the price of $TON dropped by more than 10%. The accusation against him is that the Telegram platform stores a large amount of illegal content and refused to cooperate with the French governmentâs data access orders.
Telegram is known as the âdark version of WeChatâ due to its unparalleled level of confidentiality for user identity information and chat data. This has made it popular not only in the crypto community but also among terrorist organizations and illicit industries. Previously, Pavel Durov was sanctioned by the Russian government for refusing to provide user data and eventually left Russia, leading a nomadic lifestyle. Telegram has since adopted a distributed work model, with employees spread across the globe.
đĄ I believe that Telegram, like Binance, has already achieved a considerable degree of decentralization. Even if the CEO is not present, the company can quickly adapt, and it wonât collapse or shut down due to a lack of leadership.
Now that the negative news has hit and the price has dropped, Iâm going to buy the dip and bet on a ârelease from jailâ narrative. After all, itâs just France taking action this time, and the U.S. hasnât stepped in.
#Binance Launchpool is still ongoing, so thereâs no need to panic. Trust that our handsome CEO will overcome this challenge and come out on top!
