🚨 Breaking News: Telegram CEO Pavel Durov arrested in France over the weekend, raising global attention.
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⏳ Release in Question: While French prosecutors hint at a possible release by Wednesday, Polymarket bettors are skeptical, predicting an extended stay.
🔍 Ongoing Investigation: Durov is under investigation for crimes allegedly planned or executed on Telegram, including money laundering, drug trafficking, child pornography, and non-cooperation with law enforcement.
💸 Polymarket Bets: 72% of bettors believe Durov will remain in custody until October, with shares trading at 72 cents. Each share could pay out $1 in USDC if he’s freed by then.
⚖️ Legal Complications:No formal charges have been made yet, but if enough evidence is found, Durov could face extended detention or be moved to pre-trial detention.
✈️ Timeline: Arrested on Saturday, August 24th, at Le Bourget airport, Durov’s 96-hour detention could be extended beyond Wednesday based on investigative findings.
📉 Market Impact: Toncoin ($TON ) is down 6.8%, trading at $5.38, reflecting market uncertainty. The broader CoinDesk 20 (CD20) index also fell by 1.87%.
🧐 What’s Next? All eyes are on the ongoing investigation and market reactions, as the world awaits the next steps in this unfolding drama.
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