Telegram CEO Pavel Durov says he's prepared to 'leave markets that aren’t compatible' after France arrest
Quick Take Telegram CEO Pavel Durov posted a message to his popular messaging app after being arrested in France. He said Telegram is “prepared to leave markets that aren’t compatible” with the messaging app’s principles.
Telegram CEO Pavel Durov took to his messaging app to not only denounce the grounds of his recent arrest but also say that he's prepared to leave incompatible markets.
"Sometimes we can’t agree with a country’s regulator on the right balance between privacy and security. In those cases, we are ready to leave that country. We've done it many times," Durov said, citing Russia and Iran as two examples. "We are prepared to leave markets that aren’t compatible with our principles, because we are not doing this for money. We are driven by the intention to bring good and defend the basic rights of people, particularly in places where these rights are violated."
Last month, Durov was arrested at a Paris airport before then being indicted by a French court. He was indicted on charges of "complicity in the spread of sexual images of children and other crimes such as drug trafficking on the messaging app." The arrest was part of a broader cybercrime investigation involving Telegram's alleged role in enabling money laundering, child pornography, and drug trafficking through its cryptography tools and services.
The popular messaging app generated a significant amount of its revenues from crypto-related activities. It held $400 million in digital assets as of 2023, according to a recent report from the Financial Times. Durov has said Telegram is worth at least $30 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








