August 26, 2024
Telegram CEO Pavel Durov's arrest in France
The arrest warrant was issued by OFIM, a French police office tasked with preventing violence against minors.
OFIM considers Durov complicit in crimes organized via Telegram, such as drug trafficking, distribution of child sexual abuse material (CSAM), and fraud, due to Telegram's lack of content moderation and cooperation with law enforcement.
The warrant was part of a criminal complaint filed against Telegram by OFIM.
Toncoin (TON) is a cryptocurrency developed by Telegram, the incident has had a strong impact on it, specifically:
After the news of the arrest of Telegram CEO Pavel Durov, the price of this cryptocurrency dropped as much as 14.5%. This shows that Telegram and Toncoin still have a close relationship, and the legal issues surrounding Telegram have impacted the Toncoin market.
The above event also affects cryptocurrencies, the article will analyze some impacts on DOGS and OKB.
DOGS (Dogecoin):
The legal issues surrounding Telegram may indirectly impact the trust and activities of the Dogecoin community, due to the connection between the two.
However, the extent of this impact is still unclear, as Dogecoin has its own established foundation.
OKB (OKX):
The legal problems of Telegram could affect the collaborative relationship between OKX and Telegram, thereby indirectly impacting OKB.
The degree of impact will depend on other factors such as the operations and development plans of OKX.
