{"id":306140,"date":"2024-08-31T11:57:10","date_gmt":"2024-08-31T11:57:10","guid":{"rendered":"https:\/\/www.techopedia.com\/?post_type=news&p=306140"},"modified":"2024-08-31T11:57:10","modified_gmt":"2024-08-31T11:57:10","slug":"crypto-news-this-week-telegram-ceo-arrested-ton-suffers-outages","status":"publish","type":"news","link":"https:\/\/www.techopedia.com\/news\/crypto-news-this-week-telegram-ceo-arrested-ton-suffers-outages","title":{"rendered":"Crypto News This Week: Telegram CEO Arrested, TON Suffers Outages"},"content":{"rendered":"

This week\u2019s crypto news roundup highlights the newest developments and trends in the cryptocurrency market.<\/strong><\/p>\n

Telegram<\/a> CEO Pavel Durov was arrested<\/a> on August 25, 2024, at Le Bourget Airport in France. French authorities detained Durov based on allegations that his messaging platform facilitated various illegal activities, including drug trafficking and the distribution of child sexual abuse material.<\/p>\n

Following the arrest, figures like Elon Musk and Vitalik Buterin publicly supported Durov<\/a>, highlighting concerns about the broader implications for freedom of speech and privacy in the tech industry. Durov has been released on a \u20ac5 million bail but is required to stay in France.<\/p>\n

Meanwhile, the Telegram-linked TON blockchain has experienced two outages within 24 hours over the past week. The outages were primarily attributed to an overwhelming surge<\/a> in network traffic caused by the minting of the DOGS meme coin.<\/p>\n

Telegram CEO Arrested in France<\/span><\/h2>\n

On August 25, Durov was arrested at Le Bourget Airport in France as he returned from a trip to Azerbaijan. The warrant for his arrest<\/a> stems from a criminal complaint by OFIM, which considers Durov complicit because of Telegram’s lack of moderation.<\/p>\n

Telegram\u2019s Future: Is Your Privacy At Risk Amid Durov\u2019s Arrest? (Techopedia<\/a>)<\/em><\/p>\n

TON Suffers Two Outages<\/span><\/h2>\n

TON first went down around 11:00 pm UTC on August 27 and stopped producing blocks for six hours. The blockchain went down at 7:17 pm on August 28 for another six hours. The outages were attributed to an overwhelming surge in network traffic caused by the minting of the DOGS meme coin<\/a>.<\/p>\n

TON back online after second DOGS-related outage in 36 hours (Cointelegraph<\/a>)<\/em><\/p>\n

Binance Under Scrutiny for Seizing Palestinian Funds<\/span><\/h2>\n

Binance<\/a> is facing significant backlash after allegations emerged that it seized cryptocurrency funds belonging to Palestinian users at the request of the Israel Defense Forces (IDF). The controversy was sparked by Ray Youssef, CEO of the Noones peer-to-peer Bitcoin marketplace, who claimed on social media that Binance had complied with an IDF directive to freeze the assets of all Palestinian users.<\/p>\n

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Ok here is video proof from a Palestinian. <\/p>\n

This is 100% confirmed. Israel is putting massive pressure on Binance and all other exchanges to blanket seize the funds of ALL Palestinians. The document in the original post has 500 names but there have been many such versions of it\u2026 pic.twitter.com\/p3eoFOvgXR<\/a><\/p>\n

— Ray Youssef (@ray_noOnes) August 27, 2024<\/a><\/p><\/blockquote>\n