
Sunil Kumar
@sunil12349
295 Following
28 Followers
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TON, the native token of The Open Network layer-1 blockchain, is up 29% on the week after a surge that followed a change in Telegram CEO and co-founder Pavel Durov’s bail conditions, allowing him to leave France for Dubai.
The token, now trading at $3.46, has posted the largest weekly gain among top 100 crypto assets according to data from CoinGecko. The jump represents a sizable increase relative to the performance of the leading crypto assets, Bitcoin and Ethereum, which each moved around 5% on the week—Bitcoin rose to $83,717, while Ethereum dropped to $1,922.
“As you may have heard, I’ve returned to Dubai after spending several months in France due to an investigation related to the activity of criminals on Telegram,” Durov posted to 11.9 million subscribers of his personal Telegram channel. “The process is ongoing, but it feels great to be home.” 0 reply
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Puerto Rico Resident Defies Bitcoin Seizure Order, Faces $10,000 a Day Fine
The court filing described these transfers as "frenzied," and having taken place with "intuition more accurate than the Oracle at Delphi."
Connor Sephton
By Connor Sephton
Mar 11, 2025
3 min read
Image: Shutterstock
A man who has refused to hand over almost 120 Bitcoin, currently worth $9.7 million, to the U.S. government has been found in contempt of court. The judge has warned he will be fined $10,000 a day until the funds are transferred.
Court filings accuse Juan Carlos Reynoso of "flagrantly violating" a warrant issued by a judge in Puerto Rico, which gave him 24 hours to send the $9.7 million worth of Bitcoin to a government-controlled address.
He allegedly moved the funds to five separate crypto wallets, in a series of transactions that were subsequently traced on chain.
The court filing described these transfers as "frenzied," and having taken place with "intuition more accurate than the Oracle at Delphi. 0 reply
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