Pavel Durov, the Russian entrepreneur behind the messaging app Telegram, has recently been detained in France.
French prosecutors reported that Durov’s arrest is linked to an investigation into serious allegations, including child pornography, drug trafficking, and fraudulent activities on Telegram.
The investigation, which began on July 8, is being led by France’s cybercrime unit and also includes suspicions of Durov’s involvement in facilitating illegal transactions and money laundering through his platform.
Paris prosecutor Lore Bequoi clarified that Durov’s arrest is part of a broader probe into accusations of failing to cooperate with authorities and providing cryptographic services to criminals. He may remain in custody until Wednesday.
Telegram, a popular messaging and social media application similar to WhatsApp, boasts nearly 1 billion users, with significant popularity in Russia, Ukraine, and other former Soviet states.
Ripple has officially applied for a national bank charter from the U.S. Office of the Comptroller of the Currency (OCC), aiming to establish a new regulatory benchmark for trust in the stablecoin market.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.