A digital asset from a blockchain project linked to Telegram Messenger LLP has lost about $2.7 billion in market value, reflecting the uncertainty sparked by the detention of the messaging app’s co-founder.
Toncoin, the token of The Open Network, slid more than 20% after Pavel Durov was reportedly taken into custody at a Paris airport on Saturday on suspicion of failing to take steps to prevent criminal use of Telegram.
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Sidhartha Shukla
https://www.bloomberg.com/news/articles/2024-08-26/toncoin-s-ton-value-slides-2-7-billion-after-telegram-ceo-durov-held
2024-08-26 02:40:00
