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Reading: French Authorities Arrest Telegram CEO Pavel Durov in Paris
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COINTURK NEWS > Altcoin News > French Authorities Arrest Telegram CEO Pavel Durov in Paris
Altcoin News

French Authorities Arrest Telegram CEO Pavel Durov in Paris

In Brief

  • Telegram CEO Pavel Durov was detained at Le Bourget Airport in Paris.

  • His arrest followed a preliminary investigation by the French agency OFMIN.

  • Toncoin's price dropped over 10% after the news was published.

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Telegram’s founder and CEO Pavel Durov was detained late at night at Le Bourget Airport in Paris, France. According to information from the reputable news source TF1, Durov was arrested by officials from the French National Office for the Fight against Fraud (ONAF) and is currently held in pre-trial detention.

Expected to Be Arrested

According to the information received, Durov was traveling from Azerbaijan to France on a private jet, accompanied by a woman and his bodyguard. TF1 reported that Durov’s arrest resulted from a preliminary investigation initiated by a French research agency called OFMIN, which works to prevent child sexual exploitation. The arrest warrant, not valid outside France, could only be enforced within French borders.

Contents
Expected to Be ArrestedToncoin’s Price Plummets

TF1 spoke with a source who shared details of the incident, saying, “He made a mistake tonight. We don’t know why he made such a mistake. We don’t know if this flight was just a stopover. Anyway, he is currently in custody.”

According to TF1’s report, after meeting with an investigating judge on Saturday evening, Durov could be officially charged on Sunday with numerous crimes, including terrorism, drug trafficking, fraud, money laundering, possession of stolen goods, and pedophilic content. An ONAF official made a stern statement regarding Durov’s detention, saying, “Pavel Durov will definitely be arrested. He harbored numerous crimes and criminal elements on the Telegram platform and did nothing to prevent them or cooperate with authorities.”

Toncoin’s Price Plummets

Following this news, the price of Telegram’s main network asset Toncoin (TON) dropped by over 10% after the news was published. On the other hand, market observers believe that Durov’s detention will have significant effects on the cryptocurrency market as a whole.

Durov’s fate is expected to become clearer in the coming days, depending on how long he remains detained in the French legal process.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 25 August, 2024 - 8:04 am 25 August, 2024 - 8:04 am
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