Telegram CEO Pavel Durov was arrested in France. After the event Token's price will drop by 14%. The warrant alleges that Telegram's lack of control allowed the crime.
Pavel Durov, founder and CEO of Telegram, was arrested Saturday evening after his private jet landed and dragged onto the tarmac of Le Bourget airport outside Paris, French media TF1 reported. reported.
The price of Toncoin, developed by Pavel and brother Nikolai Durov, plummeted following reports of the arrest. According to CoinGecko, it is at $5.75 at the time of writing, down 14.0%.
The Russian-born billionaire entrepreneur flew in from Azerbaijan and was accompanied by his bodyguard and a woman.
Durov was arrested on a warrant issued by OFMIN, the French judicial police department, which argued that Telegram's lack of control and cooperation with law enforcement allowed drug trafficking, fraud and child sexual abuse to flourish on the platform. TF1.
Durov founded Telegram in 2013 and left Russia in 2014 after refusing to accede to government demands to shut down opposition groups on the VKontakte social media platform, which he sold. According to to the BBC.
This arrest warrant is only valid if Durov is in French territory.
Durov knew he was the man in France, and had recently traveled little in Europe and stayed away from countries under Telegram surveillance.
“He made a mistake tonight. We don't know why… Was this flight just a stopover? In any case, he is in custody,” a source close to the investigation told TF1.
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Elon Musk has been posted In X to release Durov.
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