News with the tag "Pavel Durov arrest"

Telegram's crypto holdings jumped from $400M to $1.3B in H1 2024, driven by Toncoin sales and strategic deals.

Toncoin reached a significant milestone with 1.1 million daily users, but its market experienced turbulence following the arrest of Telegram CEO Pavel Durov.

On August 24, Pavel Durov, co-founder and CEO of Telegram, was arrested in France, sending immediate shockwaves through the crypto market as the value of Toncoin (TON) plunged. The arrest is notably significant given Telegram’s central role in the crypto industry as a primary hub for communications....

TON traders might view the recent dip as a chance to buy low if Durov’s arrest is an isolated incident.

Telegram founder Pavel Durov was arrested in France on Aug. 24. Here’s what we know and how prominent figures are reacting.