Telegram CEO Pavel Durov Indicted and Under Supervision in Paris Court
Telegram CEO Pavel Durov has been indicted and placed under supervised release by a Paris court on Aug. 28. He faces charges of terrorism and child abuse content, requiring him to post bail of 5 million euros, report to the police station twice a week, and remain in French territory.
Durov’s Legal Challenges and Charges
Franco-Russian billionaire Durov has faced legal challenges, with accusations of complicity in illegal activities including child sexual abuse material, cybercrimes, and drug trafficking. This has led to 12 alleged charges against him, potentially impacting both Durov and his platform, Telegram.
Implications of the Trial and Crypto Market Impact
The outcome of Durov’s trial will have significant implications, as Telegram has been scrutinized for its role in facilitating criminal activities. Following Durov’s arrest, the crypto market saw Toncoin decline by 20% to $5.3, with market cap falling to $13.6 billion. Despite this, the crypto community has rallied behind Durov in support.
