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International Business Times

Business

Marvie Basilan

Most Telegram App Coins In Red After TON Co-Founder Durov's Arrest

Telegram Pavel Durov Crypto Lex Fridman Robert F. Kennedy Jr France Bitcoin CoinGecko

Several Telegram app crypto tokens plunged over the last 24 hours after news of Pavel Durov's arrest spread. (Credit: AFP)

KEY POINTS

Durov was arrested over a probe into alleged crimes conducted on Telegram
GMEE was the hardest hit among Telegram app coins, shedding over 12%
Some crypto users have said Durov's arrest is a hurdle to championing free speech

Telegram CEO Pavel Durov's arrest over the weekend has left a deep wound in the popular but controversial social media platform's community. The news has also apparently affected cryptocurrencies utilized on Telegram apps – applications built on the platform that integrate blockchain technology and crypto.

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