Toncoin cryptocurrency falls 19% after Durov arrest ...News

Russia Today - Economy
Toncoin cryptocurrency falls 19% after Durov arrest
source : Russia Today ( News ) () 50
The Telegram founder was arrested in France last week and is reportedly being accused of insufficiently moderating the messenger Telegram’s cryptocurrency Toncoin has fallen in price by nearly 19% following the arrest of the platform’s founder and CEO Pavel Durov, Russian business daily Vedomosti reported, citing data from the Binance cryptocurrency exchange. The Telegram Open Network (TON) blockchain was initially announced back in 2018 by Durov and his brother Nikolay. However, in 2020 they were forced to abandon the project due to litigation with the US Securities and Exchange Commission (SEC) which had sued Te

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