Toncoin at risk of a sell-off

With the new changes to the Telegram mobile messaging app, the toncoin (TON) market could be impacted.

Pavel Durov, co-founder and CEO of Telegram, announced this week that users' IP addresses and phone numbers can now be revealed to authorities. This is in the event that possibilities of violating its rules are detected, he explained.

“Now that Telegram's most attractive feature is no longer available, toncoin (TON) could be at risk of a sell-off,” warned analyst Ali Martinez. Until now, the application stood out from competitors such as WhatsApp by offering data privacy to users. However, with the changes, this will no longer be the case.

While the development of TON is not related (at least officially) to Telegram today, it has been created by its team, as CriptoNoticias' Cryptopedia explains. This is why, on occasion, initiatives linked to the mobile messaging application impact its community and the cryptoasset market.

Telegram's new measure takes place almost a month after Durov was arrested in France and released four days later after paying a bail of USD 5 million. The arrest occurred in the margins of an investigation that accuses him of facilitating several crimes through the use of Telegram.

For the crimes he is accused of, which allegedly include facilitating tools for the distribution of child pornography, money laundering and drug trafficking, Durov could face a sentence of up to 10 years in prison. After his arrest, the businessman has expressed his intention to prevent criminal activity on his platform and comply with the regulations in this regard. Legal notice: This does not constitute financial advice! Always invest wisely and consult a financial advisor before making any decision. ---Follow us for more predictions and the latest updates