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After being detained in Paris, Telegram CEO Pavel Durov addressed the situation publicly, dismissing accusations against the platform. His statement has led to a 5% surge in TON's price, contrasting with declines across the broader crypto market.
TON Price Climbs After Durov's Statement
After being roundly attacked by the crypto community, Pavel Durov finally spoke up after his imprisonment in France.
The Paris police interrogated Durov for four days, according to a recent Telegram post by Durov, who claimed he might be accountable for others' improper platform usage. While denying the claims, he did promise to make the social network more user-friendly in general.
“However, we hear voices saying that it’s not enough. Telegram’s abrupt increase in user count to 950M caused growing pains that made it easier for criminals to abuse our platform. That’s why I made it my personal goal to ensure we significantly improve things in this regard. We’ve already started that process internally, and I will share more details on our progress with you very soon.”
French Actions Puzzle Telegram's CEO
Durov claims that the French government's move is puzzling because Telegram maintains an EU representative and a public email address specifically for this reason. He elaborated by saying he was a visitor at the French embassy in Dubai, highlighting that the government has multiple channels of communication, as Coingape reveals.
The fact that the CEO was punished for the platform activities of third parties led him to criticize the authorities' erroneous stance.
TON Price Rises as Crypto Market Struggles
Following Durov's enormous backing from the crypto community, the price of Toncoin skyrocketed.
The release by the CEO of Telegram caused Toncoin's price to skyrocket. Following Durov's post, the asset's price jumped more than 5% to $4.7. As cryptocurrency prices remained in the red zone, this surge ran counter to market sentiment. The value of Bitcoin and other assets has fallen, falling by more than 3% in the last day alone.
