Breaking: Toncoin Price Slips As Telegram Founder Faces France Detention

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Breaking: Toncoin Price Slips As Telegram Founder Faces France Detention

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Toncoin's price fell over 17% in 24 hours, to $5.66, after Telegram founder Pavel Durov was arrested in France on Saturday. According to French news site TF1, Durov was detained around 8 PM as he disembarked from his private jet at Le Bourget airport, acting on a French search warrant tied to an ongoing investigation into alleged criminal activity on Telegram. The reported offenses range from terrorism and narcotics trafficking to fraud and distribution of child exploitation material. Toncoin, closely associated with Telegram, has also slipped to ninth place behind Dogecoin and hit a two-week low.

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