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Fortune
Fortune
Catherine McGrath

TON surges 24% as Telegram founder Pavel Durov returns home to Dubai amid ongoing investigation

(Credit: Chris Ratcliffe/Bloomberg—Getty Images)

While the crypto markets continued to take a beating over the weekend, one coin is actually gaining ground. TON, which is associated with messaging app Bitcoin stayed flat.

“As you may have heard, I’ve returned to Dubai after spending several months in France due to an investigation related to the activity of criminals on Telegram,” Durov wrote on Telegram. “The process is ongoing, it feels great to be home.”

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