Toncoin, a cryptocurrency channel of Telegram’s The Open Network Blockchain (TON), has experienced a 1.5 per cent surge in the past 24 hours, recovering from a nearly 20 per cent drop that followed the arrest of Telegram CEO Pavel Durov in France.
The arrest of Durov, a key figure behind Toncoin, initially led to a sharp decline in the cryptocurrency’s value.
However, Toncoin has since rebounded, reflecting renewed confidence among investors and the community.
In response to Durov’s arrest, The Open Network (TON) issued a statement on its X account, expressing unwavering support for its founder and urging the Toncoin community to rally behind the project and advocate for free speech.
“Following the recent news regarding Telegram’s founder Pavel Durov, we want to assure everyone that the TON community remains strong and fully operational. As a community committed to freedom of speech and decentralization, we stand firmly by Pavel during this challenging time. Pavel has been a dedicated advocate for these values, and we believe his efforts to promote an open and decentralized internet will continue to inspire millions. The TON community remains focused on our mission, and we will continue our work to uphold these principles globally. We encourage everyone to stay calm and united and to keep building as we navigate this situation together. Thank you for your continued support,” the statement reportedly read.
Daily Patriot newspaper reported Sunday that Durov was arrested on Saturday upon arrival at Paris Le Bourget Airport from Azerbaijan, where he was accompanied by a security guard and an unidentified woman.
Durov, who founded Telegram, now faces a series of serious charges, including terrorism, drug-related offences, complicity in fraud, money laundering, receiving stolen goods, and the dissemination of illegal content on his platform, which now boasts over 800 million users worldwide.
