Account X represents The Open Network, ton
-17.45%
Blockchain has released a statement regarding the recent arrest of Telegram founder and CEO Pavel Durov in France.
“In light of recent news regarding Telegram founder Pavel Durov, we would like to assure everyone that the TON community is still strong and fully operational. As a community dedicated to free speech and decentralization, we stand firmly behind Pavel during this difficult time,” a statement from the TON blockchain’s X account read in part. (An earlier version of the statement said: “…we stand firmly behind behind (In these difficult times Pavel said, “I emphasize.)
Durov was reportedly arrested on Saturday after disembarking from a private jet at Le Bourget Airport in Paris. He arrived from Azerbaijan with a security guard and an unknown woman. The charges related to the operation of the Telegram app could include “… terrorism, drugs, conspiracy, fraud, money laundering, receiving stolen goods, (and) paedophilic content,” and could focus on the lack of moderators, The Block previously reported, citing a statement he made to French news outlet TF1.
The statement appears to have been released to ease market uncertainty, with TON’s native token, Toncoin, having plunged by around 20% since news of Durov’s arrest, and the token has since recovered slightly. “We urge everyone to remain calm, remain united, and continue to move forward as we navigate this situation together,” the statement reads. The token is currently down 12% over the past 24 hours at the time of publication.
Other prominent figures within and outside the cryptocurrency community have also expressed support for Durov, including American journalist Tucker Carlson and X Platform owner Elon Musk.
Franklin Bi, general partner at VC fund Pantera Capital, posted the simple message “#FreePavel.” Pantera made its largest investment in TON tokens in its history since its founding in 2003 this year, and later raised more capital to invest in the ecosystem, The Block previously reported.
This is an ongoing story.
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