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Crypto Airdrop

Pavel Durov’s Legal Battle and Telegram’s Crypto Boom

Ali Raza
Last updated: December 8, 2024 6:10 pm
Ali Raza Published December 8, 2024
Pavel Durov Telegram Court Case

Pavel Durov Telegram Court Case, the founder of Telegram, allegedly made his first formal court appearance on December 6 in Paris to face accusations that the messaging platform enabled criminal acts. According to an unnamed source reported by Agence France-Presse (AFP), Durov’s attorneys, David-Olivier Kaminski and Christophe Ingrain, attended the session at 10 a.m. CET.

Contents
Pavel Durov’s Legal Battle Over Telegram AllegationsTelegram’s Crypto Assets Surge to $1.3 BillionTelegram Expands Operations in KazakhstanFinal Thoughts

Pavel Durov’s Legal Battle Over Telegram Allegations

The primary focus of the inquiry was allegations that unlawful transactions were conducted over Telegram. After a brief detention at Paris’s Le Bourget Airport on August 24, Durov’s legal issues started. The French government prevented him from leaving the country until March 2025, although he was released after paying $6 million in bail. Prosecutors in France formally charged him with preliminary offences on August 28, alleging that Telegram enabled illicit operations.

If found guilty, Durov faces a maximum penalty of €500,000 ($550,000) and ten years in jail. According to the Paris prosecutor’s office (Parquet de Paris), the inquiry into Telegram commenced in February 2024. In July, many weeks before Pavel Durov Telegram Court detention, it became an official judicial investigation. Another piece of information has emerged: according to people who spoke with The Wall Street Journal, Durov’s phone was breached in 2017, the year before he met with French President Emmanuel Macron.

Telegram’s Crypto Assets Surge to $1.3 Billion

Telegram's Crypto Assets Surge to $1.3 Billion

The case has caused some worry in the world of technology and cryptocurrency. From $400 million at the end of 2023 to $1.3 billion in the first half of 2024, Telegram’s cryptocurrency holdings increased dramatically, solidifying its position as a prominent participant in the cryptocurrency market. According to reports, the company’s financial situation has improved significantly due to its increased cryptocurrency holdings, income from Toncoin sales, and the termination of its exclusivity agreement with Toncoin.

According to the disclosures, the platform’s cryptocurrency assets tripled in value during the first half of 2024, hitting $1.3 billion. This growth is primarily due to TTelegram’s sale of $353 million worth of digital assets in the first half of 2024. The corporation further monetised Toncoin through a $225 million exclusivity arrangement, making it the only way for small businesses to buy ads on the platform.

Telegram Expands Operations in Kazakhstan

In October, Telegram announced plans to open a local office in Kazakhstan. The Ministry of Digital Development, Innovations, and Aerospace Industry made the decision to better regulate platform material and communicate with local authorities. The minister of communications, Zhaslan Madiyev, has stated that the launch of Telegram in Kazakhstan would be a “significant step to increase control” over user-generated information.

Since Durov’s imprisonment, Telegram has taken multiple steps to address these concerns, one of which is exchanging user information, including IP addresses and phone numbers, with authorities as needed. The platform’s search engine has also undergone significant upgrades, with problematic information removed and illegal material detected and blocked by artificial intelligence.

Also Read: Elon Musk to Invest $104B in Ripple Rumor Has It

Final Thoughts

The legal issues surrounding Pavel Durov underscore the increasing worries over Telegram’s complicity in facilitating illegal conduct and its reaction to regulatory examination. Regardless of these obstacles, Telegram has proven to be resilient in the ever-changing digital economy through its cryptocurrency assets and strategic actions such as Toncoin monetization, which have led to financial development. The company’s decision to expand into Kazakhstan is further evidence of its dedication to enhancing supervision and promoting greater contact with authorities. What happens next with Telegram’s worldwide trajectory will depend on how Durov’s legal fights and strategic decisions interact.

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