BREAKING: Telegram CEO Pavel Durov Indicted, Banned from Leaving France

Telegram CEO Pavel Durov was indicted and placed under judicial supervision by a Paris court on August 28, following his recent arrest on many different charges.

As part of the court’s ruling, Durov must pay a bail amount of 5 million euros, report to the police twice a week, and is prohibited from leaving France, according to Bloomberg.

Durov’s legal troubles began when he was detained at Le Bourget airport near Paris on August 26, leading to his transfer to a Paris courthouse. The court’s decision focuses on allegations that Durov failed to adequately moderate illegal content on his encrypted messaging app, Telegram.

The Franco-Russian billionaire faces a series of legal challenges, with French authorities accusing him of complicity in various crimes, including the distribution of child sexual abuse material, cybercrimes, and drug trafficking, with a total of 12 charges brought against him.

This case is expected to have significant consequences for both Durov and Telegram, which has been under increasing scrutiny for its role in enabling criminal activities.

Following Durov’s arrest, Toncoin (TON) experienced a sharp drop, falling 20% to $5.3, with its market capitalization dropping to $13.6 billion.

Despite the legal challenges, the crypto community has rallied in support of Telegram’s founder/