News and Analytics

0

Pavel Durov Arrested in France: Crypto Community Rallies for Support

Aug 26, 2024
  1. Pavel Durov's Arrest
  2. Support from Justin Sun
  3. Support from Memeland

Pavel Durov, the founder of Telegram and Toncoin, was arrested at an airport in France on charges of facilitating illegal activities through his platform. This event led to a sharp decline in the TON price and sparked a wave of support from the crypto community.

Pavel Durov's Arrest

Pavel Durov was detained by French authorities on charges of facilitating illegal activities through Telegram. This event has sparked widespread discussions about privacy and government overreach, as well as led to a decline in Toncoin's value, which is among the top 10 cryptocurrencies.

Support from Justin Sun

Tron founder Justin Sun proposed creating a DAO to support Pavel Durov. In his post on X (formerly Twitter), Sun pledged to donate $1 million if the DAO is organized in a decentralized manner with sufficient community support.

We must show the unity of the crypto industry by organizing a FreePavel DAO to help Telegram founder Pavel Durov legally regain his freedom. I will donate $1 million if it is created in a decentralized way with enough community support.Justin Sun

Support from Memeland

The NFT project Memeland also showed support for Telegram by purchasing $1 million worth of TON. The funds were converted from the Memecoin treasury, and the team stated they would not sell TON until Pavel Durov is released.

20 hours ago, we converted $1,000,000 of our team treasury into TON in the open market. We will HODL until Durov is released. Telegram is the app that our team and millions of other people use every day. It may have some bad actors, but which platform doesn't?Memeland Team

The situation surrounding Pavel Durov's arrest has attracted attention from the entire cryptocurrency industry. Crypto leaders and communities are uniting to support the Telegram and Toncoin founder.

Comments

Latest analytics

How TrueX Technology...

How TrueX Technology is Changing the Digital Industry:...

Dymension – A Modular...

Dymension – A Modular Platform for Blockchain Scalability

Show more

Latest Dapp Articles

Show more

You may also like