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Cryptocurrency News Articles
Telegram CEO Pavel Durov Released From Custody After French Authorities Charged Him With Facilitating Illegal Transactions on His Platform
Sep 02, 2024 at 01:30 pm
Pavel Durov, the CEO and founder of messaging giant Telegram, has been released from custody after being charged by French authorities. He is now under judicial supervision after a court appearance.
Telegram CEO Pavel Durov has been released from custody after paying a bail sum of 5 million euros ($5.5 million) and being charged by French authorities. He is now under judicial supervision and faces serious charges.
After being arrested at Bourget airport near Paris in late August, Durov was formally accused on Wednesday of being involved in running an online platform that facilitated illegal transactions carried out by an organized group, which could result in a prison sentence of up to 10 years.
The charges against him include involvement in criminal activities on his platform, such as aiding illegal transactions by organized gangs, laundering crime proceeds, and failing to provide crucial information to authorities. He is also accused of enabling the distribution of illicit materials, including child exploitation content, drug trafficking, and financial fraud, and failing to cooperate with law enforcement.
The Ton Society has launched a petition on Telegram to #FREEDUROV.
The Telegram CEO was released from custody on Wednesday after paying a bail sum of 5 million euros ($5.5 million) and being charged by French authorities, according to a report by French media.
The charges against Durov are in connection with an online platform that allegedly facilitated illegal transactions by an organized group, an offense that carries a maximum 10-year prison sentence.
The charges include aiding illegal transactions by organized gangs, laundering crime proceeds, and failing to provide crucial information to authorities. Durov is also accused of enabling the distribution of illicit materials, including child exploitation content, drug trafficking, and financial fraud, and failing to cooperate with law enforcement.
The Ton Society has launched a petition on Telegram to #FREEDUROV.
The Toncoin (TON) price has dropped by 24.4% since Durov’s arrest. TON is a US$12 billion market cap token with ties to Telegram and is the native token of ‘The Open Network’ a high-performance, decentralized blockchain founded by Telegram in 2018. The blockchain is noted for its rapid transaction processing speeds. While Toncoin and Telegram are separate entities, they remain closely connected. The Telegram app has a built-in application TON blockchain and token. There are also incentives within the app that encourage users to spend TON tokens.
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