Toncoin drops 18%, Notcoin tumbles following arrest of Telegram CEO Pavel Durov

TON's market cap dropped from $17.1 billion to around $14 billion after the news broke.

Pavel Durov's arrest in France led to a 18% drop in Toncoin's value.

French authorities link Durov with crimes facilitated through Telegram's lack of moderation.

The price of Toncoin (TON) fell as much as 18% to below $5.53 on Sunday following news that Pavel Durov, the co-founder and CEO of Telegram, was arrested at Le Bourget Airport in France, according to data from CoinGecko. Likewise, Notcoin’s (NOT) value crashed by 21% as concerns about Durov’s legal troubles grew.