Date: Fri, Sept 06, 2024, 08:11 AM GMT
The cryptocurrency market has witnessed a remarkable recovery in TON ecosystem tokens following the release of Telegram CEO Pavel Durov from French custody. Durov, who was arrested at Le Bourget Airport near Paris on August 24, had caused a sharp decline of over 20% in the prices of these tokens. However, after being freed, his recent statement on Telegram sparked a significant resurgence.
Pavel Durov’s Statement Post-Release
After days of silence, Durov took to Telegram to address the circumstances surrounding his detention. He explained that the French police had questioned him regarding the misuse of Telegram by criminals, a charge he firmly rejected. In his message, Durov reassured the community of his dedication to enhancing the platform’s security.
“Telegram’s user base has skyrocketed to 950 million, which has unfortunately made it easier for bad actors to exploit our platform. I’m making it my personal mission to tackle these issues head-on, and I’ll be updating you on our progress soon,” Durov stated.
He also criticized the approach of the French authorities, noting that Telegram has official channels in the EU for communication and that he had been in contact with the French consulate in Dubai. Durov expressed disappointment that he was held accountable for the actions of others using the platform.
TON Ecosystem Tokens Rebound Strongly
Durov’s statement had an immediate positive impact on the TON ecosystem. Toncoin (TON) surged by 6.85%, bringing its price to $3.37 and Notcoin (NOT) saw a 0.93% increase, reaching $0.007574.
The swift recovery of these tokens underscores the market’s confidence in Durov’s leadership and the future of the TON ecosystem. As Telegram continues to grow and evolve, investors are optimistic about the platform’s ability to address challenges and maintain its momentum.
The market will be closely watching Durov’s next steps as they could have further implications for the broader crypto market.
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