Crypto News

Breaking: TON Price Soars as Telegram CEO Releases Statement on French Detention

Published by

Telegram CEO Pavel Durov released a statement on the platform regarding his recent ordeal in police custody. Durov poked holes in the narratives of French authorities while recounting the incident. TON price has moved up over 5% following the disclosures by the social media CEO.

Telegram CEO Releases Statement

Pavel Durov broke his silence following the French detention which was heavily criticized by the crypto community. In a recent post on Telegram, Durov wrote that he was questioned by the Paris police for four days alleging that he may be responsible for other people’s wrong use of the platform. Debunking the allegations, he pledged to improve the general use of the social network.

“However, we hear voices saying that it’s not enough. Telegram’s abrupt increase in user count to 950M caused growing pains that made it easier for criminals to abuse our platform. That’s why I made it my personal goal to ensure we significantly improve things in this regard. We’ve already started that process internally, and I will share more details on our progress with you very soon.”

According to Durov, the reason for the French authority’s action is surprising because Telegram has a representative in the EU alongside a public email address for the purpose. He added that he was a guest at the French consulate in Dubai stressing that the authorities have diverse ways to reach out. Furthermore, he criticized the misguided approach of authorities because the action was taken against the CEO for actions of third parties on the platform.

The price of Toncoin price soared after Durov received massive support from the crypto community.

TON Price Soars

Toncoin price spiked after the release by the Telegram CEO. The asset’s price trades at  $4.7 surging over 5% after Durov’s post. This spike was against the wider market sentiments as crypto prices continued in the red zone. Bitcoin price and other assets trade downhill sliding below 3% in the past 24 hours.

In a related development, reports emerged that the Federal Bureau of Investigation (FBI) placed Durov on the wanted list. However, community notes on X flagged the reports as false as there were no records of any FBI release on Durov.

Share
David Pokima

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

Published by

Recent Posts

  • Crypto News

Breaking: CLARITY Act Advances as Senate Banking Committee Approves Crypto Bill With Bipartisan Support

The CLARITY Act has advanced after the U.S. Senate Banking Committee voted in favor of…

May 14, 2026
  • Bitcoin News

Breaking: Bitcoin Treasury Firm Strive Reveals Daily Dividends For SATA In Q1 Earnings

Strive, Inc. said it will start paying the daily dividends on its Variable Rate Series…

May 14, 2026
  • Crypto News

CME Group Rolls Out Nasdaq Crypto Futures Index, BTC, ETH, XRP, & Others to Rally?

The world's leading derivatives exchange, CME Group, announced plans to roll out the Nasdaq CME…

May 14, 2026
  • Crypto News

$800B Interactive Brokers Launches Prediction Markets Platform With Kalshi, CME Integration

Interactive Brokers, with over $800 billion in assets under management, has announced the launch of…

May 14, 2026
  • Crypto News

Coinbase Becomes Hyperliquid’s Official USDC Treasury Deployer, Increases HYPE Position

Crypto exchange Coinbase has expanded its support for Hyperliquid, becoming the perp DEX's official USDC…

May 14, 2026
  • Crypto News

BREAKING: Marex Group Becomes 3rd Largest XRP ETF Holder, Expands Strategy (MSTR) Stake

Marex Group, a Nasdaq-listed diversified financial services firm, has revealed a massive XRP exposure, becoming…

May 14, 2026