TON Coin price continues to fluctuate, and the process in France also concerns cryptocurrencies. Telegram is the largest messaging app with a very warm approach towards cryptocurrencies. The heavy accusations against its co-founder concern cryptocurrencies for many reasons.
Telegram and TON Coin
Due to its integration with Telegram, TON Coin grew very rapidly, and we witnessed intense interest in the projects within its ecosystem. On the other hand, the arrest of Telegram’s CEO in France naturally had negative consequences in the markets, especially on the TON Coin price. Durov, who has been in court for the past few hours, was officially charged by the judge. Although the details of the indictment have not been shared, it is believed that he is being prosecuted for protecting criminals, avoiding information sharing, and the resulting issues.
The judge granted him supervised release (with a 5 million EURO bail). He will not be able to leave France but will also be responsible for meeting the conditions of his supervision. This will be the situation until the next court date. If the court decides to convict, he will go to prison.
TON Coin price responded positively to the news of supervised release and increased by 8%. However, it is still hovering at 5.4 dollars. Volatility in the TON Coin chart is expected to continue for a while. The price is experiencing very rapid ups and downs.
