Toncoin (TON) price prediction amid Telegram CEO Pavel Durov’s arrest in France
Telegram CEO Pavel Durov was arrested in France this Saturday, August 24. His arrest raised concerns about the messaging app’s future and related cryptocurrencies like the Toncoin (TON) from The Open Network. French authorities arrested Pavel Durov at the Bourget airport outside of Paris under allegations of facilitating criminal activities on Telegram. According to an SCMP report, Durov was under investigation due to a “lack of moderation” on the messaging app. He will face possible indictment today, which may affect Telegram and TON. Despite ongoing efforts to separate The Open Network brand from the messaging app, Toncoin surged mainly because of Telegram’s reputation, user base, and infrastructure. Therefore, growing uncertainties related to the future of the company could affect the market’s confidence in the cryptocurrency. Picks for you ...