🚨 Pavel Durov, the CEO of Telegram, was arrested by the French police after landing at the Bourget Airport in northern Paris.
Durov holds dual citizenship of France and Russia and may face multiple charges including fraud, money laundering, and terrorism, with a potential maximum sentence of 20 years.
It is worth noting that the TON TVL has dropped by over 60% in a single day, and the $TON token is currently in a declining trend, with a decrease of over 15%.
The TON community has stated that TON operates independently and ensures that the community remains strong and fully operational.
Currently, several well-known figures including Elon Musk and the Deputy Chairman of the Russian State Duma, Davankov, have expressed their support for Durov and freedom of speech in this incident.
The continuous monitoring of the developments is necessary, and it is currently difficult to determine whether the TON token will continue to decline. Market sentiment and price fluctuations are influenced by various factors, and investors' reactions to this event are immediate and negative, with many expressing concerns about the future value of the TON token.
If Durov's legal issues persist or if this triggers a broader regulatory scrutiny of Telegram or the TON project, it may continue to exert pressure on the price of the TON token.
However, if there are positive legal developments or if Telegram issues a statement on stable project development, it may alleviate this downward trend.
Overall, Durov's arrest has had an immediate negative impact on the price of the TON token. For those who currently hold TON, it may be a very conflicting stage. Personally, I think it may be best to prioritize risk aversion for now, as no one knows how things will develop. If this triggers a broader regulatory scrutiny of Telegram or the TON project, it may continue to exert pressure on the price of the TON token.
The biggest concern is whether it is possible for exchanges to decouple from TON due to regulatory pressure.
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