U.Immediately – Pavel Durov, a 39-year-old entrepreneur recognized for creating the moment messaging service Telegram, was arrested Saturday evening at Le Bourget airport. He faces as much as 20 years in jail on prices that embody terrorism, medication, complicity, fraud, cash laundering.
The native token TON, actively utilized in Telegram, has already reacted, falling by 15% in value and by 61.3% within the complete worth locked within the blockchain.
After all, the response despatched social media, and the crypto house specifically, right into a frenzy. Amongst these concerned was Max Keiser, recognized for his maximalist views on (BTC) and as an advisor to Nayib Bukele, the president of El Salvador.
In a brand new submit on X, Keizer emphasised that BTC stays the one really secure cryptocurrency. He identified that different altcoins, reminiscent of and , are extra liable to authorized issues, whereas Bitcoin's creator, Satoshi Nakamoto, has remained nameless to keep away from such dangers.
One other bitcoin?
The knowledge of the nameless co-founder of Bitcoin relating to his incognito was definitively performed out yesterday.
Nevertheless, there’s additionally the opinion that if the authorities succeed within the Durov case, Bitcoin is not going to survive for lengthy, and if the identification of Satoshi Nakamoto could possibly be decided utilizing Interpol strategies, he would have been arrested a very long time in the past. Both method, BTC is within the crosshairs, some consider.
If Telegram goes down, so can the primary cryptocurrency, though they aren’t linked externally or internally. Skeptics consider that the federal government, which gained as soon as, will need to repeat the banquet.
This text was initially printed on U.Immediately
