Crypto community members fear that Durov’s arrest may lead to stricter controls on decentralized technology.
Telegram co-founder and CEO Pavel Durov’s arrest in France on Aug. 24 had an immediate impact on the crypto industry as Toncoin’s value sharply dropped following the news.
But his arrest could have wider implications for the crypto industry, which heavily relies on the Telegram messaging app.
“With the arrest of Telegram founder Pavel Durov over the weekend, the French authorities risk positioning themselves as an enemy of free speech and decentralization — the core values of the Web3 ecosystem,” Tim Kravchunovsky, CEO of the decentralized telecommunications network Chirp, told Cointelegraph:
