Telegram CEO Arrest In France Sends Toncoin (TON) Plummeting By Over 20%: Elon Musk Calls For Freeing Pavel Durov

Navdeep Yadav

August 25, 2024

The cryptocurrency Toncoin (CRYPTO: TON) experienced a significant drop following the arrest of Telegram CEO Pavel Durov in France on Saturday.

What Happened: The value of Toncoin, which was developed by Nikolai and Pavel Durov, plummeted by more than 19% after reports emerged that Durov, the CEO of the popular messaging app Telegram, was arrested at Le Bourget Airport in France.

At the time of writing, Toncoin is trading at slightly over $5.39, marking a 19.77% decrease, according to data from Benzinga Pro.

Durov, a Russian-French billionaire, was apprehended on Saturday evening while traveling on his private jet. The arrest is linked to an ongoing police investigation in France, which is reportedly focused on the lack of moderators on Telegram, allowing criminal activity to persist on the platform, reported Reuters.

See Also: Tesla Ramps Up Cybertruck Production: Drone Footage Reveals Rows Of Stainless Steel Behemoths At Giga Texas

Pavel Durov, who launched Telegram with his brother in 2013, exited Russia in 2014 after defying government orders to close down opposition groups on his VKontakte social network. Following Russia’s invasion of Ukraine in 2022, Telegram emerged as a key platform for unfiltered information from both sides about the war and its political implications.

The Russian foreign ministry stated that it is seeking clarification on Durov’s situation and has called for his release.

The Telegram CEO is expected to appear in court on Sunday.

Tesla Inc CEO Elon Musk made several posts on X calling for Durov’s release. He also posted a clip of Durov’s recent interview with Tucker Carlson where he praised the X owner for bringing back free speech to the platform.

#FreePavel
pic.twitter.com/B7AcJWswMs
— Elon Musk (@elonmusk) August 25, 2024

Meanwhile, other cryptocurrencies were also trading in the red. Bitcoin (CRYPTO: BTC) was down 0.59% in the last 24 hours, while Ethereum (CRYPTO: ETH) was down 0.64% and Dogecoin (CRYPTO: DOGE) lost 3.65%.

Check This Out:

If Warren Buffett's Son Didn't Sell His 90K Berkshire Hathaway Inheritance 47 Years Ago To â€˜Buy Time,' He Would Have This Much Today

Image via Shutterstock

Recommended

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

Kamala Harris May Seize This Cutting-Edge Tech -- Act Now - Ad

Movies about Kamala Harris and Donald Trump hit theaters in October. Find out the differences between the movie and why one candidate wants a ban.

More Than $2M Bet On This Consumer Defensive Stock? Check Out These 3 Penny Stocks Executives Are Aggressively Buying

Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

What If Kamala Wins? The 3 Words That Will Change Everything

What If Kamala Wins? The 3 Words That Will Change Everything - Ad

The same team that predicted Biden's downfall ... now warns of a new threat. Learn how to safeguard your future.

NBA Legend Shaq Shows Off His New Widebody Carbon Fiber Tesla Cybertruck: Elon Musk Has A One Word Reaction

NBA legend Shaquille O'Neal, also known as Shaq, showed off his new Tesla Cybertruck featuring a widebody carbon fiber design, which is the first of its kind in the world.

US companies see record-low profits in China amid geopolitical tensions and slow growth, report says

HONG KONG (AP) — American companies in China are seeing record-low profits, with business confidence at an all-time low amid and a , according to a report published Thursday by a U.S. business group.

Seven Unknown AI Stocks That Could Dominate the Next Six Years

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

US-sanctioned Serbia official meets Putin, says Belgrade is an ally and won't join Western penalties

Serbia is a Russian ally and will never impose sanctions against Moscow or join NATO, the Balkan nation’s deputy prime minister said Wednesday as he met with Russian President Vladimir Putin.

Trump Vs. Harris: Nate Silver Says Former President Now Ahead Of Vice President In Electoral College Odds After Adjusting For The DNC 'Bounce'

Pollster Nate Silver's latest election forecast shows former President Donald Trump slightly ahead of Vice President Kamala Harris in the race for the Electoral College, despite Harris leading in national polls.

Why Are These Strange "Accidents" Happening All Over America?

Why Are These Strange "Accidents" Happening All Over America? - Ad

Across America, strange "accidents" are happening in greater numbers than ever before. Jets are falling apart, chemicals are spilling, construction workers are being electrocuted -- and no one knows why. In his new exposé, American financial analyst Dan Ferris reveals the silent force behind this trend... why it's destroying this country from the inside... and where all signs suggest it's about to strike next: the U.S. stock market.

Rio de Janeiro police seize on a new target: Hard-to-grasp stuffed animals

RIO DE JANEIRO (AP) — Rio de Janeiro — already notorious for street muggings, corrupt politicians, ruthless militias and Kalashnikov-toting drug traffickers — has a new public enemy: plushies. Or, more specifically, the joystick-controlled claw machines that dispense them.

Brazil Supreme Court panel unanimously upholds judge's decision to block X nationwide

RIO DE JANEIRO (AP) — A Brazilian Supreme Court panel on Monday unanimously upheld the decision of one of its justices to nationwide, according to the court’s website.

Don't Tell ANYONE About This Altcoin (Until It Pops)...

Don't Tell ANYONE About This Altcoin (Until It Pops)... - Ad

Quiet now! This governance token could be the sleeping giant of the crypto world... In the next bull market, this "DeFi 2.0" powerhouse might soar 10x... 50x... perhaps even 100x.

Here's How One Law Could Activate Trump's Universal Tariff Nationwide

Donald Trump has hinted at imposing a universal tariff on all goods imported into the U.S. should he be returned to the White House.

Colorado plans to relocate wolf pack as reintroduction effort stumbles amid livestock attacks

Wildlife agencies are trying to capture and relocate the first pack of wolves that formed under Colorado's ambitious after the animals repeatedly , marking an early stumble in the first year of the voter-driven initiative.

Why We Just Sold Half of Our Stocks

Why We Just Sold Half of Our Stocks - Ad

We've already sold all or part of 52 different stocks this year - more than any other period in our firms' history. That's because there are five cracks forming below this market that threaten us with a widespread collapse. We could see the market tumble by 50% and unemployment will triple.

Trump courts conservative male influencers to try to reach younger men

WASHINGTON (AP) — At first glance, there's little that a 78-year-old former president and a 23-year-old internet personality might have in common.

Young girls are using anti-aging products they see on social media. The harm is more than skin deep

SACRAMENTO, Calif. (AP) — When she was in fifth grade, Scarlett Goddard Strahan started to worry about getting wrinkles.

Discover the $2 Stock That Has Institutional Attention

Discover the $2 Stock That Has Institutional Attention - Ad

With a $1.3B market cap and forecasts to grow 2X faster than the sector, dozens of investment banks are betting big. Strong leadership, cash on hand, and a $3 target make it a must-see.

4 Tons Of Seized Marijuana Burnt To A Crisp By NYC Mayor Adams; Top Cop, Sheriff Join The Cannabis Campfire

NYC Mayor Eric Adams destroys 4 tons of illegal weed products in Operation Padlock to combat illegal activity and protect communities.

Another New Jersey offshore wind project runs into turbulence as Leading Light seeks pause

Another offshore wind project in New Jersey is encountering turbulence.

Imminent FDA Decision Could End Obesity in America...

Imminent FDA Decision Could End Obesity in America... - Ad

...and spark a 224,000% sales surge for one tiny micro-cap stock. Channelnomics says it "Could have a greater impact on the world than artificial intelligence." BMO Capital calls it "A goldmine for investors." The Wall Street Journal says it's "A Gold rush."

US economic growth for last quarter is revised up to a solid 3% annual rate

WASHINGTON (AP) — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday in an upgrade of its initial assessment.

Mary Trump Shares Video 'Letter' To Uncle Donald Trump, Also Says He Pushed Her To Ketamine Therapy In New Book

Mary Trump, the niece of Donald Trump, has made a public statement to her uncle through a unique medium.

4 Steps to Survive the Coming Market Crash

4 Steps to Survive the Coming Market Crash - Ad

There are massive cracks forming right below the surface of our "shining city." These cracks are a symptom of a much bigger problem that threatens the very foundation of our country. Things are starting to unravel at a fast pace, as America sees worst economic hell our country has ever been in.

Elon Musk And Trump's Federal Efficiency Plans Slammed By Paul Krugman, Economist Warns About Risks To Medicare, Social Security: 'Government Is An Insurance Company With An Army'

Nobel laureate Paul Krugman has expressed concerns over Republican presidential candidate Donald Trump and Tesla Inc CEO Elon Musk's proposed federal spending cuts. Krugman shared his thoughts on X on Thursday, ahead of the 2024 presidential election.

Maryland awards contract for Francis Scott Key Bridge rebuild after deadly collapse

BALTIMORE (AP) — Maryland transportation leaders on Thursday approved a contract for rebuilding the Francis Scott Key Bridge several months after the 1.6-mile (2.6-kilometer) steel span of a massive container ship that lost power and crashed into one of its supporting columns.

New "Living Missile" to Replace Nuclear Missiles

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

What's Going On With Brenmiller Energy Shares Friday?

Brenmiller Energy shares are moving higher on Friday after the company reported a year-over-year increase in EPS for the first half of the 2024 fiscal year.

Bitcoin Flat, Ethereum And Dogecoin Jump Even As Stocks Flash Red Amid Nvidia's Q2 Earnings Beat â€” Top Crypto Trader Believes 'Party Is On The Horizon'

Bitcoin traded flat, while other leading cryptocurrencies surged Wednesday even as AI juggernaut NVIDIA Corp. (NASDAQ:NVDA) reported better-than-expected second-quarter numbers.

A 10,000% Dividend?!?

A 10,000% Dividend?!? - Ad

Have you seen this strange oil investment? It's NOT a stock, bond, or private company...It has NO age requirements...You do NOT need to be accredited to participate... And you can get in for as little as $25.

Palantir And Dell Are Set To Join S&P 500 Index: Here's What Peter Thiel And Michael Dell Have Said About Bitcoin

In a major development, tech behemoths Palantir Technologies Inc. (NYSE:PLTR) and Dell Technologies Inc. (NYSE:DELL) are all set to join the blue-chip S&P 500 index.

Alibaba Boosts US Expansion With New AI Sourcing Tool Despite Festering Tensions Between Beijing And Washington: 'Tariffs Added Cost For Both Sides'

Alibaba is expanding its U.S. presence with the launch of an AI-powered sourcing tool aimed at simplifying the supplier search process for American buyers.

Do Not Day Trade (Do This Instead)

Do Not Day Trade (Do This Instead) - Ad

Forget day trading (especially in markets like these). Trade OVERNIGHT instead! I've uncovered a shocking way to take 100% certain events (mandated by the U.S. Government)...And target OVERNIGHT payouts like: 253%... 327%... Even 383%! Enough to potentially hand you profits of $25,300... $32,700... heck even $38,300!

Japanese 7-Eleven convenience store chain operator turns down Couche-Tard takeover offer

TOKYO (AP) — The parent company of the Japanese 7-Eleven convenience store chain said Friday that it’s turning down a takeover offer from Alimentation Couche-Tard Inc. of Canada.

Cannabis Industry Underserved By Financial Institutions Though 80% Of Operators Expect Growth In Upcoming Years

A new survey reveals the gaps and opportunities the services provided by financial Institutions to the cannabis industry

Analysts Are Projecting "Safe-Haven" Stock Will Nearly Double

Analysts Are Projecting "Safe-Haven" Stock Will Nearly Double - Ad

Already up nearly 50% in the last 6 months this gold company has an analyst target nearly twice its current price. With 40+ investment banks and funds already invested it's no wonder this $1.3B company (trading under $2) is grabbing investor attention.

Federal workers around nation's capital worry over Trump's plans to send some of them elsewhere

WASHINGTON (AP) — Worries of being uprooted from their jobs have returned for Laura Dodson and other federal workers, who have long been the economic backbone of the nation's capital and its suburbs.

What's Going On With SOFI Shares?

SoFi Technologies, Inc. (NASDAQ: SOFI) shares are trading lower today. Here's what you need to know.

Oil = Monthly Income

Oil = Monthly Income - Ad

Right now, there's an unusual $25 way to collect MONTHLY income from the oil markets. It's not a stock, bond, or anything you've likely heard about... But it's by far my #1 investment opportunity for 2024.

Jennifer Lopez and Ben Affleck may not have had a prenuptial agreement, but you should consider one

NEW YORK (AP) — Longtime celebrity watchers may not have been shocked when from Ben Affleck, but what was surprising was that Lopez's divorce petition did not include any mention of a prenuptial agreement.

Trending Now

Trump Vs. Harris: Election Forecaster With 9 Out Of 10 Accurate Predictions Makes Final Call, Says This Person Will Be 'Next President Of The United States'

Elon Musk Laughs At The Idea Of Dick Cheney Supporting Kamala Harris For President

My No. 1 Oil Play for 2024 - Ad

Top 2 Energy Stocks That Are Ticking Portfolio Bombs

Intuitive Machines, Netflix, Li Auto, Trump Media & Technology, Tesla: Why These 5 Stocks Are On Investors' Radars Today

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

Best Buy's Growth Will Be Driven By AI And Margin Expansion Despite Mixed Sector Challenges: Analysts

What's Going On With MongoDB Shares Friday?

Could You Retire on a Single AI Stock (Trading for Only $15)? - Ad

Mohamed El-Erian Says While Most Assets Recovered After A 'Shaky Start' In August, Bitcoin Was Among The Exceptions

Nvidia And Bitcoin: Overpriced Or Underpriced - Do Fundamentals Justify Their Trillions Of Dollars Worth Of Market Caps?

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Court orders South Korea to specify plans to cut carbon emissions through 2049

Alphabet, Exxon Mobil, Palantir Technologies And More On CNBC's 'Final Trades'

Revealing Index Soars 49% - Smart Investors Are Moving In - Ad

Behind the nonprofit helping a diverse new generation of culinary professionals heat up New York

Cannabis Retailer Tokyo Smoke To Close 29 Stores In Canada As It Seeks Creditor Protection

Man Who Predicted Trump Win Issues Shocking New Election Prediction - Ad

Nvidia Set To Reach $10 Trillion Valuation As Blackwell Expected To Propel Chip Maker With 'Fireworks Again' In 2025, Analyst Predicts

Ford joins growing list of companies changing diversity policies after conservative pressure

This $2 Stock Outshines Historic Gold Rally! - Ad

Stalled In Bureaucratic Limbo, This German City Struggles With Illegal Cannabis As Demand Surges

Australia proposes legal minimum age for children accessing social media

Elon Musk: Without This Company, "Civilization Will Crumble" - Ad

E. Jean Carroll Case: Appeals Court Skeptical of Trump's Bid to Overturn Sexual Abuse Verdict

Elon Musk-Backed California AI Safety Bill SB 1047 Has 57% Chance Of Being Signed By Gavin Newsom, Polymarket Shows

This Is How the AI Bull Market Ends - Ad

Around $2M Bet On HighPeak Energy? Check Out These 3 Stocks Executives Are Buying

Tesla's China Rivals Report Steady August Sales Performance Amid Intense Price Competition: What Investors Should Know

Don't Buy Another Stock Until You See This - Ad

Stakeholder in Trump's Truth Social parent company wins court ruling over share transfer

More Hong Kongers tune out the news as they adapt to Beijing's tightening grip

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL) - Ad

Killings of invasive owls to ramp up on US West Coast in a bid to save native birds

Iris Energy Stock Climbs After FY24 Results: 4,191 Bitcoin Mined, Record Mining Revenue And More

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

AI Chip Stocks Rally Faces New Headwinds - Why Are Nvidia, Taiwan Semiconductor, Broadcom And Marvell Tech Stocks Sliding?

Funeral business' slow but inevitable march attracts investors to these stocks

Buffett's Big A.I. Secret (Handle With Care) - Ad

Japan wants its hardworking citizens to try a 4-day workweek

NASA Revamps SpaceX's Crew 9 Lineup To Make Room For Astronauts Stranded At ISS Due To Boeing's Starliner Issues

Silicon Valley Billionaires Are Quietly Buying Into What We Call the "Imperium" Boom - Ad

Residents in a Louisiana city devastated by 2020 hurricanes are still far from recovery

Court revives Sarah Palin's libel lawsuit against The New York Times

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Trump's Attorney General William Barr Accuses Biden-Harris Admin Of Politicizing Cannabis Legalization, 'Ignoring Legal Standards, Scientific Evidence'

Jools Lebron filed trademark applications related to her 'very demure' content. Here's what to know

DO NOT Make Another Trade Without Seeing This First - Ad

Bill Ackman And Elon Musk Blast Kamala Harris For Her Social Media Posts During Debate With Trump: 'Even Her Tweets Are Not Her Own'

Las Vegas man pleads guilty in lucrative telemarketing scam

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.