TON Coin Drops 17% After Telegram CEO Arrested in France
According to reports, Durov, the founder and CEO of Telegram, was arrested on Saturday evening after arriving in France on his private plane.
Local media reported that the arrest came as a result of investigations into illegal activities related to the popular messaging app Telegram.
The French website TF1info quoted unnamed sources as saying that Durov was arrested at Le Bourget Airport, located northeast of Paris.
Although Durov holds French and Emirati passports, the Russian embassy confirmed that it has taken immediate steps to clarify the situation.
Media reports indicate that Durovâs arrest may be linked to suspicious activities related to the use of the Telegram app, and these alleged activities include crimes related to terrorism, drug trafficking, collusion, fraud, and money laundering.
In a related context, the (TON) coin, which has historical ties and close cooperation with Telegram, was greatly affected after the news spread.
The coin witnessed a sharp decline from $6.75 to less than $5.5 in less than 12 hours.
Data from CoinGecko shows that the coin is currently down 17% on the day.
