CEO Pavel Durov Arrested at Paris Airport; TON Coin Drops 17%TON-Coin-Rally-Key-Reason-Behind-TON-Coin-Rally-and-Whats-Next-768x402.png
Tm billionaire founder and CEO Pavel Durov was arrested at Le Bourget Airport near Paris on Saturday, according to local media reports. Durov arrived from Tehran on a private jet and was detained by local authorities. The investigation against him focuses on Tm's lack of moderators, which law enforcement fears will allow criminal activity to flourish on the platform.
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Tm, known for its strong encryption, has repeatedly refused government requests for backdoor keys, citing concerns about user privacy. Tm's TON token fell sharply after Durov's arrest, falling as much as 18% before stabilizing slightly. At the time of writing, TON is trading at just over $5.71, down 14% in the past few hours.
The team behind the TON blockchain responded to the news, assuring the community that the network remains fully operational. In a post on X, they said, "Despite recent events surrounding Tm founder Pavel Durov, the TON community remains strong and fully operational."
According to Sputnik, Durov will appear in court on Saturday evening to face serious charges. French media say he could face up to 20 years in prison. The charges are related to a lack of content moderation and Durov's failure to cooperate with French authorities.
