Toncoin Plunges 20% After Telegram CEO’s Arrest & 4-Hour Network Transaction Halt

The post Toncoin Plunges 20% After Telegram CEO’s Arrest & 4-Hour Network Transaction Halt appeared first on Coinpedia Fintech News

Toncoin (TON) has experienced a rough ride over the past five days after Telegram’s co-founder and CEO, Pavel Durov, was arrested in Paris. Due to the strong connection between Toncoin and Telegram, the market reacted sharply, causing TON’s price to fall by more than 20% since the arrest. Additionally, Ton has seen a halt of network transactions for more than 4 hours. This sudden decline has worried many investors about the token’s future.

The TON blockchain, known for its speed and reliability, recently experienced an unexpected halt. According to Lookonchain, a blockchain analytics platform, the TON network stopped processing transactions for four hours straight, causing a complete pause in its normal operations.