Toncoin Plummets After Telegram Founder Pavel Durov Reportedly Arrested In Paris
Pavel Durov, the founder of Telegram, was reportedly arrested in Paris on Saturday. Former kickboxer Andrew Tate in a tweet revealed the 39-year-old was detained for 'failing to censor the truth on his application'. Officials have not issued a formal statement yet. Toncoin plummeted as soon as Tate's tweet was out.

The rapid decline in Toncoin's value following Pavel Durov's reported arrest highlights the significant impact of regulatory uncertainty and founder-related risks on cryptocurrency markets. As a key figure in Telegram and by extension, Toncoin, Durov's situation creates uncertainty for investors, leading to a sell-off and price drop. This event serves as a reminder for crypto investors to diversify their portfolios and stay informed about the regulatory landscape surrounding their holdings.