Telegram Faces Indian Probe Following Durov’s Arrest In France: TON Plummets 20%
The Indian government has initiated an investigation into Telegram for alleged criminal activities, including extortion and gambling, following the arrest of CEO Pavel Durov in France. The probe is led by the Indian Cyber Crime Coordination Centre and involves the Ministry of Home Affairs and the Ministry of Electronics and Information Technology. Telegram has over 5 million users in India, but concerns arise from claims that its features are exploited for illicit activities. The absence of a Telegram office in India complicates regulatory efforts. Depending on the investigation's outcome, a ban on the app is possible. Durov faces accusations of not controlling criminal use of Telegram in France, where authorities claim its encryption facilitates crime. Telegram denies these allegations, asserting compliance with EU laws. Amid these issues, Toncoin (TON), Telegram's cryptocurrency, has dropped over 20% in value within a week and nearly 8% in 24 hours, reflecting negative investor sentiment. Trading volume for Toncoin has decreased by 66%.
