According to reports, Telegram founder and CEO Pavel Durov has been authorized by French authorities to leave the country and head to Dubai. Following the news, the price of Toncoin (TON) quickly rose by 20%.
Last August, Durov was detained at a French airport by the French National Anti-Fraud Office and was accused of using the messaging app to distribute child pornography and being involved in drug trafficking crimes.
Subsequently, he was placed under judicial supervision and was required not to leave France. However, after a series of legal proceedings, the French court finally approved his request to lift the travel restrictions.
Market analysts believe that the permission for Durov to leave the country may have boosted investors' confidence in Telegram and its blockchain ecosystem, thereby driving a significant increase in the value of TON. The market performance of TON continues to be closely monitored.
