Telegram CEO indicted in France
A French court indicted the executive on charges including organizing or enabling illicit transactions
Telegram CEO Pavel Durov was indicted on Wednesday.
The news was first reported by Bloomberg, and said a French court indicted the executive on charges including organizing or enabling illicit transactions.
A previous press release from Aug. 26 lists the charges Durov is facing, including complicity in offering and selling narcotic substances and distributing child pornography. Durov, as the CEO of Telegram, faces the accusations.
Newsletter
Subscribe to Blockworks Daily
French authorities also allege that Durov didn’t aid investigations.
The earlier press release also says that Durov has already faced interrogations from the French investigators.
Durov, who was arrested in France last week, was placed under judicial supervision. He had previously been in police custody. He is unable to leave France at this time.
Read more: Unpacking crypto’s Telegram situationship
The press release also claims that the judicial investigation was opened in early July. A report from Politico on Wednesday claims that French authorities have also sought an arrest warrant for Durov’s brother, Nikolai Durov.
Durov’s arrest over the weekend led to Telegram -linked Toncoin slipping nearly 20%. The network has also faced multiple outages, including one earlier Wednesday .
The outage “appears to be due to heavy load attributed to DOGS token minting. TON Core is working on a solution,” Toncoin said.
Block production had yet to restart at time of publication.
Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter .
Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter .
The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.
- Privacy
- Telegram
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether Helps Canadian Police Recover Stolen Cryptocurrency
Crypto Analyst Draws Up XRP Ascent Plan To $5,85 Target
Why Analysts Are Targeting a $3 Trillion Market Cap for Crypto by Year-End
OMNI Gears Up for Big Move, Analysts Predict $13 and $20 Potential Post-Breakout