Telegram founder Pavel Durov has left France for Dubai after obtaining judicial permission, causing a 20% increase in the value of Toncoin.
Durov, the well-known founder of Telegram, which is associated with the blockchain The Open Network (TON), has temporarily left France after receiving a court order to travel to Dubai. This news has had a significant impact on the crypto market, especially on the price of Toncoin (TON), the network's native cryptocurrency, which saw a 20% increase in value following the news.
BUY TONCOINAlthough Durov has received this permit, he still faces charges related to Telegram's responsibility for the dissemination of illegal content. Durov has been under judicial supervision in France since his arrest in August 2024.
Pavel Durov leaves France
Durov's departure from the country has been seen as a positive development by the TON community, which has shown its support for the Russian entrepreneur. The Open Network, a blockchain platform created to integrate crypto functionality into the Telegram ecosystem, has gained popularity in recent years, particularly for its decentralized gaming applications. However, its growth has been largely influenced by Durov's legal difficulties.
Through X, the TON Foundation celebrated the granting of permission to Durov, emphasizing that the return of his passport is a right. The organization also underscored the importance of Telegram as a platform for free and open communication on a global level.
“With nearly a billion users worldwide, Telegram represents a global movement committed to freedom of communication and the inalienable right to privacy.”, said the TON Foundation.
Pavel Durov, 40, was arrested in August 2024 at Le Bourget Airport, outside Paris, for his alleged complicity in the dissemination of illegal content via Telegram. French authorities accused him of failing to take sufficient measures to curb the spread of extremist and terrorist content, as well as of activities related to drug trafficking and the dissemination of child sexual material.
INVITE AND WINFollowing his arrest, Durov was released on five million euro bail and placed under judicial supervision, which prevented him from leaving the country. However, in recent weeks, an investigating judge authorized his request to modify the conditions of his supervision, allowing him to travel to Dubai for "several weeks."
The court ruling coincides with a time when Durov appears to have taken steps to comply with the French authorities' demands. In January 2025, during a hearing with the magistrates handling the case, he acknowledged "the seriousness of all the accusations," according to sources close to the case.
Toncoin rises in the midst of a bear market
The news of Durov's departure from France had a positive effect on the value of Toncoin, the cryptocurrency associated with The Open Network. In the last 24 hours, its price increased by nearly 20%, according to data from CoinMarketCap. This surge reflects not only investor confidence in Durov, but also optimism about TON's future.
Source: CoinMarketCap
While Durov's temporary departure from France has had a positive impact, Toncoin's rise also comes within a context of growing popularity for The Open Network. In 2024, the platform experienced significant growth, growing from 4 million accounts to 128 million, largely thanks to its decentralized gaming offering.
BUY TONCOINIn this way, TON is establishing itself as a key player in the blockchain and Web3 gaming space. Furthermore, the recent designation of a new president for the foundation reflects its interest in expanding into key markets, such as the United States.
El financial Prominent industry figures such as Tether CEO Paolo Ardoino have also contributed to strengthening TON's position. Ardoino welcomed the news of Durov's return to Dubai, highlighting the importance of his freedom for the digital ecosystem.
In conclusion, Pavel Durov's departure from France and his trip to Dubai have had a significant impact on Toncoin's value, reflecting investor confidence in The Open Network's growth potential.
Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.
Main image from Wired
