Reported about 2 months ago
A blockchain project associated with Telegram, Toncoin, has experienced a dramatic loss of approximately $2.7 billion in market value following the detention of co-founder Pavel Durov at a Paris airport. The token declined over 20% amid concerns surrounding Durov’s situation, igniting uncertainty in the market. Despite a slight recovery, Toncoin remains down over 16%. The future implications of Durov's detention on Telegram and its relationship with the TON blockchain project remain unclear.
Source: YAHOO