TON Price Soars as Telegram CEO Releases Statement on French Detention

Telegram CEO Pavel Durov released a statement on the platform regarding his recent ordeal in police custody. Durov poked holes in the narratives of French authorities while recounting the incident. TON price has moved up over 5% following the disclosures by the social media CEO.

Telegram CEO Releases Statement

Pavel Durov broke his silence following the French detention which was heavily criticized by the crypto community. In a recent post on Telegram, Durov wrote that he was questioned by the Paris police for four days alleging that he may be responsible for other people’s wrong use of the platform. Debunking the allegations, he pledged to improve the general use of the social network.

“However, we hear voices saying that it’s not enough. Telegram’s abrupt increase in user count to 950M caused growing pains that made it easier for criminals to abuse our platform. That’s why I made it my personal goal to ensure we significantly improve things in this regard. We’ve already started that process internally, and I will share more details on our progress with you very soon.”

According to Durov, the reason for the French authority’s action is surprising because Telegram has a representative in the EU alongside a public email address for the purpose. He added that he was a guest at the French consulate in Dubai stressing that the authorities have diverse ways to reach out. Furthermore, he criticized the misguided approach of authorities because the action was taken against the CEO for actions of third parties on the platform.

The price of Toncoin price soared after Durov received massive support from the crypto community.

TON Price Soars 

Toncoin price spiked after the release by the Telegram CEO. The asset’s price trades at  $4.7 surging over 5% after Durov’s post. This spike was against the wider market sentiments as crypto prices continued in the red zone. Bitcoin price and other assets trade downhill sliding below 3% in the past 24 hours.

In a related development, reports emerged that the Federal Bureau of Investigation (FBI) placed Durov on the wanted list. However, community notes on X flagged the reports as false as there were no records of any FBI release on Durov.

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David Pokima

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

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