Written by 10:56 AM World

Ticker ToneCoin plunges 17% on news of Telegram founder’s arrest.

[Translation]


Pavel Durov, the founder and CEO of the messenger app Telegram. 15.09.21 ⓒ AFP=News1 ⓒ News1 journalist Kim Ye-seul,
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, ‘(Seoul=News1) Park Hyung-gi Kim Ye-seul = Pavel Durov, the founder and CEO of Telegram, was reportedly arrested in France, causing the price of Telegram’s cryptocurrency TON coin to plummet by 17% at one point. ‘,
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, ‘As of 6 a.m. on the 26th, TON coin is currently trading at $5.88, down 0.53% from 24 hours ago.’,
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, ‘However, upon the news of Durov’s arrest in France on the 24th (local time), it crashed more than 17% to $5.23.’,
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, ‘Earlier on that day, French media such as TF1 TV reported that Durov, the founder and CEO of Telegram, was arrested at Le Bourget airport on the outskirts of Paris that evening.’,
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, ‘Durov, the CEO, was said to have been arrested immediately upon arrival at Le Bourget airport on a private jet at 8 p.m. on that day (3 a.m. in Korea on the 25th).’,
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, ‘Durov, the CEO, is facing allegations of not taking any action against Telegram being used for various crimes such as money laundering and drug trafficking.’,
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, ‘Telegram is one of the most actively used social media platforms in the world, following Facebook, YouTube, WhatsApp, Instagram, TikTok, and WeChat. It currently has 900 million users and aims to secure 1 billion users by next year.’,
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, ‘The 39-year-old Durov, who is Russian-born, is known to hold French citizenship. He co-founded Telegram with his brother Nikolai in 2013. He is currently known to be a billionaire with assets exceeding 20 trillion won.’,

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