Telegram CEO Pavel Durov Faces Serious Charges in Paris
The Paris Judicial Court has unveiled a series of 12 potential charges against Telegram CEO Pavel Durov. Some of the charges include complicity in distributing child pornography, selling narcotics, and engaging in organized fraud and money laundering activities.
- Complicity Charges Against Durov Include Various Criminal Activities
- Distribution of child pornography
- Sale of narcotics
- Organized fraud and money laundering
Durov’s Alleged Involvement in Providing Encryption Tools to Telegram Users
Furthermore, the prosecutors have accused Durov of providing Telegram users with access to cryptology tools without obtaining proper government authorization. As a result, Durov faces three counts of charges related to offering encryption services to users of the messaging platform.
- Charges Highlight Durov’s Alleged Involvement in Providing Cryptology Tools
- Providing access to encryption tools
- Offering cryptology services
According to official reports released by the prosecutor’s office, the online platform facilitated illicit transactions within an organized group. Additionally, the platform failed to comply with government requests to intercept information and documents.
On August 24, 2024, Durov was detained at Bourget airport outside Paris. Initial reports suggested that his arrest was linked to issues regarding Telegram’s content moderation practices. However, the lack of official charges at the time resulted in widespread speculation within the industry.
Impact on TON Coin Following Durov’s Arrest
After Durov’s arrest, the price of Toncoin (TON), which is associated with a blockchain project connected to Telegram, experienced a significant decline. TON witnessed a $2.7 billion decrease in market value, causing it to drop out of the top 10 cryptocurrencies, as reported by CoinMarketCap. The coin has seen a 21.47% decrease in value over the past week and is currently trading at $5.38.
- TON Experiences Sharp Reduction in Market Value
- Market value decrease of $2.7 billion
- Drop out of top 10 cryptocurrencies
- 21.47% decline in value over the past week
The charges disclosed by the Paris prosecutor’s office are part of a judicial investigation that commenced on July 8, 2024. Following an initial investigation, the investigating magistrates have requested the Center for the Fight Against Digital Crime (C3N) and the National Anti-Fraud Office (ONAF) to continue with the inquiries.
A Closing Thought on the Legal Battle Facing Pavel Durov
As the legal battle unfolds for Telegram CEO Pavel Durov, the seriousness of the charges against him raises concerns about the future of the messaging platform and its associated cryptocurrency. The outcome of the ongoing investigation could have far-reaching implications on the crypto industry and digital privacy practices.
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