Toncoin (TON) Price Crashes 20% After Shocking Arrest of Founder Pavel Durov

The post Toncoin (TON) Price Crashes 20% After Shocking Arrest of Founder Pavel Durov appeared first on Coinpedia Fintech News

Toncoin, a cryptocurrency linked to the Telegram messaging app, has recently seen a sharp decline in its value. The drop of nearly 20% came after news broke of the arrest of Telegram’s billionaire founder, Pavel Durov, in France. This event has raised concerns about the future of Toncoin and its role in the crypto market.

Pavel Durov, the founder of Telegram and a significant figure in the Toncoin community, was arrested by French police on August 24. After arriving on his private jet from Azerbaijan, he was detained at Bourget Airport. The arrest was made under a warrant issued by France’s OFIM, an organization focused on preventing violence against minors.