• Telegram founder Pavel Durov was arrested in France for not filling out a truthful utility kind.
• The arrest prompted the value of TON to fall by 16%, and it’s presently buying and selling at $5.62.
• Elon Musk pressured the significance of freedom of speech and got here out in help of Durov.

Telegram founder Pavel Durov was arrested at round 8pm on Saturday at France's Le Bourget airport. The French-Russian nationwide was detained upon his arrival from Azerbaijan on a French search warrant issued by the French Nationwide Judicial Police.

The warrant is predicated on allegations that Telegram facilitated unlawful actions, together with drug trafficking, little one abuse and fraud, via its failure to average content material. French authorities allege that Durov turned an confederate by refusing to cooperate with legislation enforcement, together with by avoiding nations the place Telegram is monitored.

Following his arrest, Durov will probably be held in custody and is predicted to face fees together with terrorism, drug trafficking, conspiracy, fraud, cash laundering and involvement in little one abuse content material. Authorities consider his pre-trial detention is because of his important belongings and the danger of flight.

Pavel Durov's arrest prompted the value of Telegram's cryptocurrency, TON, to fall 16% inside an hour of the information being launched. The crypto group is anxious about the way forward for Telegram and its initiatives, fearing elevated regulatory scrutiny and instability. On the time of writing, TON is buying and selling at $5.62, down considerably from its intraday excessive of $8.24.

In the meantime, the TON group took to social media platform X to guarantee members that the group stays sturdy and absolutely useful regardless of the latest information relating to Telegram founder Pavel Durov.

They firmly supported Durov, emphasizing their dedication to free speech and decentralization. The group stays centered on its mission and encourages everybody to stay calm, come collectively, and preserve constructing.
Elon Musk, recognized for his stance on freedom of speech, responded to the arrest of Pavel Durov by posting a number of messages of help for Durov, together with one which compares the state of affairs to at least one in 2030 in Europe the place somebody is executed for “liking” a meme.