Why was Telegram CEO Arrested? What Next For Toncoin Price?

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Telegram CEO Pavel Durov’s shocking arrest in France has sent shockwaves through the tech world and beyond. According to a CNBC report, he is accused of facilitating criminal activities through his popular messaging platform. Durov’s detention has sparked a heated debate about government overreach and the future of free speech online.

Another legacy fallout —will it trouble crypto? Let’s find out. 

Tech Titans Rally Against Government Censorship

The arrest has ignited a fierce backlash, with tech leaders and public figures rushing to Durov’s defense. Elon Musk, never one to shy away from controversy, accused governments of targeting Durov for refusing to bow to their demands. Musk slammed the authorities’ hypocrisy, pointing out how other platforms, like Instagram, are allowed to operate despite serious issues like child exploitation.

Robert F. Kennedy Jr. also weighed in, declaring that the arrest of Durov was a direct attack on free speech. His comments echoed a growing sentiment that governments increasingly use legal pressure to silence voices challenging the status quo.

The #FREEDUROV Campaign Takes Off

The controversy has sparked the #FREEDUROV campaign, with supporters demanding his immediate release. Tech leaders like Tron founder Justin Sun have pledged millions to support Durov’s legal defense, and the campaign is gaining momentum across social media. Sun’s call for a decentralized defense fund underscores the strong ties between Telegram and the broader crypto community, further fueling the fire.

Apple and Telegram: The Rumor Mill

Adding fuel to the fire, rumors have circulated that Apple might remove Telegram from the App Store due to the charges against Durov. These rumors have been debunked, with Apple confirming no such plans. Telegram insists it follows EU laws and labeled the allegations against Durov as “absurd.” They argue that Durov’s frequent travels and platform moderation are standard practice and expect the situation to be resolved quickly.

Markets React: Toncoin Takes a Hit

The arrest has also rattled markets, with Toncoin (TON) seeing a sharp drop of over 20% before rebounding to $5.77. Toncoin’s recent price drop resembles Binance’s BNB token’s behavior during CEO Changpeng Zhao’s legal issues. BNB fell around 15% before Zhao’s sentencing but surged nearly 35% once the market adjusted. Toncoin might see a similar recovery, with initial panic potentially giving way to a rebound as traders reassess the situation.

In the meantime, the Telegram ecosystem-tied token Resistance Dog (REDO) experienced a surge of more than 160%, demonstrating strong community support despite the market turbulence.

A Dangerous Precedent?

Durov’s arrest sets a worrying precedent, raising critical questions about the lengths to which governments will go to control online platforms. As the legal battle unfolds, the world is watching closely, with many fearing that this could be just the beginning of a broader crackdown on digital freedoms.