Telegram CEO Issues Statement on French Detention
In response to his recent detention, Telegram CEO Pavel Durov criticized the French authorities' logic but also committed to enhancing the platform in general.
Pavel Durov, the telegram CEO, stated the platform regarding his recent ordeal in police custody. While recounting the incident, Durov exposed the inaccuracies of the French authorities' narratives. Following the disclosures made by the CEO of social media, the price of TON has increased by more than 5%.
Telegram CEO issues statement
Pavel Durov ended his seclusion in response to the French detention, which was severely criticized by the crypto community. According to a recent post on Telegram, Durov was interrogated by the Paris police for four days because he may be accountable for others' improper use of the platform. He vowed to enhance the social network's functionality by refuting the accusations.
Nevertheless, we hear voices asserting that it is insufficient. The sudden surge in Telegram's user base to 950 million resulted in growth pains that facilitated criminals' exploitation of our platform. That is why I have made it my objective to guarantee substantial progress in this area. We have initiated that process internally, and I will provide additional information regarding our progress shortly.
According to Durov, the French authorities' action was unexpected since Telegram has a representative in the EU and a public email address designated for this purpose. He also mentioned that he was a guest at the French consulate in Dubai, emphasizing that the authorities have various communication methods. Moreover, he criticized the authorities' misguided approach, as the Telegram CEO was targeted for the actions of third parties on the platform.
The crypto community's substantial backing of Durov resulted in a significant increase in the price of Toncoin.
TON coin price Surges
The release by the Telegram CEO resulted in a significant increase in TON price. Due to Durov's post, the asset's price has increased by over 5%, currently trading at $4.7. This surge contradicted the broader market sentiments, as crypto prices persisted in the red zone. In the past 24 hours, the price of Bitcoin and other assets has declined, with a decline below 3%.
In a related development, it was reported that Durov was placed on the sought list by the Federal Bureau of Investigation (FBI). Nevertheless, the community notes on X flagged the allegations as false, as there were no records of any FBI release on Durov.
