TON Rises by 5% Amid News of Durov’s Release

A judge has ended the detention of Telegram founder Pavel Durov, who was held by police for questioning in court before potential charges. This was reported by CNN.

The crypto community quickly spread the news of his release. In response, the price of the TON token surged to $6 before falling back to $5.6.

French authorities detained Durov on Saturday, August 24, as part of an investigation opened on July 8 against an “unidentified person” under 12 articles.

The charges include illegal provision of cryptographic services, refusal to cooperate with law enforcement, complicity in the distribution of child pornography, aiding drug trafficking, and organized crime activities.

According to Politico, French authorities issued an arrest warrant for Pavel and his older brother Nikolai on March 25 for ignoring law enforcement requests.

As reported by The Wall Street Journal, French and UAE intelligence agencies hacked the iPhone of the Telegram founder in 2017 as part of an operation codenamed “Purple Music.”