IT news : The arrest of Pavel Durov and its possible impact on Telegram and the cryptocurrency world
Pavel Durov, the founder and CEO of Telegram, was arrested on August 24, 2024, in France when his private jet landed at Le Bourget airport near Paris. The arrest was made based on a warrant issued by French authorities, accusing Durov of complicity in drug trafficking, crimes against children, and fraud. These charges are related to the insufficient moderation on the Telegram platform, which investigators believe allowed numerous crimes to be committed without intervention by the company.
Durov was detained as part of a preliminary investigation, during which authorities accuse him of failing to prevent Telegram from being used for various illegal activities, including cyberbullying, drug trafficking, and other forms of organized crime. He is expected to appear in court soon.
This incident could seriously impact Telegram's reputation and cause unrest in the crypto community, considering that the messenger is widely used for exchanging information about cryptocurrencies and conducting transactions. Impact on Telegram is viewed like : Durov's arrest may cause concern among Telegram users about the security of their data and communications. New figures might take over decision-making, which could affect the company's direction, particularly regarding privacy and security. The arrest could also lead to legal changes in various countries that view Telegram as a threat, increasing pressure on the company and potentially leading to restrictions or blocking of the service in certain regions.
In the cryptocurrency world, these processes could manifest in the form of impacts on Durov's projects (such as TON), changes in exchange rates, and fluctuations in the cryptocurrency market, particularly for those related to Durov. A decrease of 14% was observed in the TON cryptocurrency, along with a decline in NOT and an expected impact on DOGS, which is scheduled to be listed on exchanges on August 26.
