Telegram CEO Durov Arrested – TON Price Crashes 20%

The recent arrest of Telegram co-founder and CEO Pavel Durov in Paris has ignited a firestorm on social media, with a mix of genuine concern and resurfacing misinformation.

False Rumors Of App Removal Spread

Following Durov’s detention, a debunked hoax claiming Apple plans to remove Telegram from the App Store resurfaced online. This Facebook post, originally circulating in 2021, panicked users with false instructions to prevent the app’s deletion. Social media platforms, including X, have swiftly debunked these claims, reassuring users that Telegram remains available on iPhones.

Telegram Denies Abuse Allegations

Telegram itself addressed the situation, emphasizing its compliance with EU regulations, including the Digital Services Act. The company vehemently denied allegations of platform abuse by Durov, calling them “absurd.” Telegram further stated that Durov travels freely within Europe and that its moderation practices adhere to industry standards.

Durov’s arrest has sparked a wave of support from influential figures. Tech giants like Elon Musk and Justin Sun, along with prominent voices like Andrew Tate, have publicly voiced their support for the Telegram co-founder. These figures, alongside the “Digital Resistance” movement initiated by Durov, champion Telegram’s commitment to user privacy and free speech.

Crypto Market Reacts

The crypto market also felt the tremors of Durov’s arrest. Toncoin (TON), closely associated with Telegram, experienced a significant price drop exceeding 20%. However, it has since regained some ground, currently trading at around $5.64.

Social media accounts linked to Telegram, including those of the Toncoin project and even employees, have rallied behind the “Free Durov” campaign. This movement, symbolized by the “Resistance Dog” logo, represents the fight for user privacy and unfettered communication.

Also Read: Telegram CEO Arrested – French Authorities Cite Insufficient Moderation

Durov himself has previously highlighted the pressure placed on Telegram by smartphone giants like Apple and Google, whom he accuses of stifling freedom of speech on mobile platforms. This sentiment has resonated with the crypto community and personalities like Elon Musk, Robert F. Kennedy Jr., and Vitalik Buterin, who have called for Durov’s release.

The situation remains fluid as Durov awaits the resolution of his legal case. While the Toncoin price has rebounded slightly, the impact on Telegram’s future remains to be seen. One thing is certain – the “Free Durov” movement signifies a growing concern for online privacy and the potential power imbalance faced by platforms advocating for free speech.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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