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BlockNews
Home CRYPTO

Telegram Founder Breaks Silence After Being Arrested in France

Michael Juanico by Michael Juanico
September 5, 2024
in CRYPTO
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  • Telegram CEO Pavel Durov says he’s prepared to leave markets that aren’t compatible with the messaging app’s principles after being arrested in France.
  • Durov mentioned having exited both Russia and Iran after finding the two markets incompatible with Telegram’s principles.
  • French authorities released Durov under judicial supervision which requires the Telegram founder to stay in France.

Telegram CEO Pavel Durov recently posted a defiant message on his messaging app after being arrested in France. He stated that Telegram is willing to leave markets that conflict with the app’s principles.

JUST IN: Telegram founder @durov breaks silence after being arrested in France pic.twitter.com/PFxKbleYvy

— BlockNews.com (@blocknewsdotcom) September 5, 2024

Durov’s Arrest in France

Last month, Durov was arrested at a Paris airport and later indicted by a French court. He was charged with enabling the spread of child sexual images and other crimes like drug trafficking through Telegram’s encryption tools. The arrest was part of a larger cybercrime probe into Telegram’s alleged role in facilitating illegal activities.

Durov Says Telegram Will Leave Incompatible Markets

In his post, Durov denounced the grounds for his arrest in France. He also said Telegram is ready to exit markets that don’t align with its values. As examples, he cited Telegram previously leaving Russia and Iran due to incompatibilities.

“We are prepared to leave markets that aren’t compatible with our principles because we are not doing this for money,” wrote Durov. “We are driven by the intention to bring good and defend the basic rights of people, particularly in places where these rights are violated.”

Telegram’s Crypto Ties

The popular messaging app has generated significant revenue from crypto activities. As of 2023, Telegram held $400 million in digital assets according to a Financial Times report. Durov has valued Telegram at over $30 billion.

Conclusion

Durov’s defiant message shows Telegram’s willingness to sacrifice business in markets that conflict with its principles on privacy and encryption. His arrest highlights the ongoing tensions between governments wanting to monitor criminal activities on apps and companies protecting user data.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: cybercrimeFinancial TimesPavel Durovtelegram
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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