"When the founder of a billion-user platform becomes the main character in a legal thriller, the associated currency dances on a volcano."
🚨 Context: Pavel Durov vs. France — How This Affected the Price of TON
In August 2024, Pavel Durov, the founder of Telegram, was arrested in France on the grounds that his platform facilitated illegal activities due to lack of moderation. The immediate market reaction was brutal:
- TON dropped by 35% (from $6.88 to $4.44) in a few weeks.