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Toncoin has plunged 18% following the French authorities’ arrest of Pavel Durov, the CEO of Telegram. Duriv’s arrest significantly impacted the price of Toncoin, which plummeted 18% and is now trading at $5.74. The investor seems keen to know the future of Ton and whether the token may temporarily adopt a bearish stance, with volatility brought in by Durov’s arrest. Also Read: Bitcoin Climbs 5% as Powell’s Remarks Ignite Crypto Market Telegram CEO Pavel Durov Arrested: What Happened? Source: CNBC On August 24, Durov was detained by the French authorities soon after the telegram CEO landed in the region from Azerbaijan. The French unit, dubbed the OFIM, issues the warranty against Durov, a sectoral unit that deals with handling cases related to violence against minors. The report also stated additional allegations, including how Durov purportedly allowed criminal activities to spread via Telegram and allegations related to Telegram’s role in disseminating illicit activities d...

Jarett Dunn, aka @STACCoverflow, arrested in London for Solana memecoin exploit. Dunn used flash loans to manipulate pump.fun, stealing $2 million in liquidity. Released on bail, Dunn confessed online, citing mental health struggles and grief The alleged orchestrator of the recent Solana memecoin protocol pump.fun exploit , Jarett Dunn, known online as @STACCoverflow, has been arrest ed in London. The arrest follows a sophisticated 26-hour intelligence operation spearheaded by a third-party stakeholder who had enlisted a private intelligence firm to track Dunn’s activities. Jarett Dunn arrested in Middle Eight Hotel The operation culminated in the early hours of May 18 when local operatives, or “auxiliaries,” pinpointed Dunn’s location at the Middle Eight Hotel in Covent Garden. After a seven-hour search, British authorities apprehended Dunn, who has since been released on bail pending his court appearance in August. The Pump.fu...

Multichain will be shutting down services as a result of the CEO “being taken away by the police” and the issues the team has faced afterwards. Multichain unable to access funds Multichain, a cross-chain protocol formerly known as Anyswap, took to Twitter on July 14 to reveal a rundown which began with the arrest of CEO Zhaojun by Chinese authorities on May 21, stating that the company has been unable to communicate with Zhaojun since his arrest.  1. On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. The team contacted the MPC node operators and learned that their operational access keys to MPC node servers had… — Multichain (Previously Anyswap) (@MultichainOrg) July 14, 2023 Information given by Zhaojun’s family revealed that authorities confiscated the CEO’s phones, computers, mnemonic phrases and hardware wallets. The seizure, mea...

Shin currently faces multiple fraud charges, specifically concerning allegedly hiding risks associated with investing in the in-house tokens by Terraform Labs. A local court in South Korea denied the prosecutor’s request to issue an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin. This was the second attempt made by South Korean authorities to reign in Shin following the recent arrest of Do Kwon — Terra’s other co-founder. On March 23, Kwon was arrested at Podgorica airport in Montenegro while attempting to use fake documents to fly abroad. The Seoul Southern District Prosecutors Office took advantage of this situation and, on March 27, requested an arrest warrant for Shin, citing his involvement in cashing in illicit profits from Terra (LUNA) and TerraUSD (UST) sales. However, the Seoul Southern District Court denied the request while citing unconfirmed allegations and the unlikeliness of Shin being a flight risk or destroying evidence, acco...