There is talk in the cryptocurrency industry over the weekend of Telegram and Toncoin (TON) founder Pavel Durov being arrested at an airport in France.
Durov, who was detained by French authorities on charges of facilitating illegal activities via Telegram, is now at the center of discussions about privacy and government overreach.
While this sudden arrest brought about a major decline in TON, which is among the top 10 cryptocurrencies, statements of support continue to come from the cryptocurrency industry.
At this point, Tron (TRX) founder Justin Sun, who extended a helping hand at critical points, also received help from Telegram CEO Pavel Durov, who was arrested.
Justin Sun, who proposed a DAO to help free Durov, also pledged to donate $1,000,000.
$1 Million Donation Pledge!
Tron founder proposes 'FreePavel DAO' to support imprisoned Telegram CEO, pledges $1 million donation
Tron founder Justin Sun has called on the crypto community to support Telegram CEO Pavel Durov, who is currently being held in custody in France.
In a post from his X account, Sun pledged to contribute $1 million to the FreePavel DAO, provided that it is organized in a decentralized manner and receives sufficient support from the community.
“We must show the unity of the crypto industry by organizing a FreePavel DAO to help Telegram founder Pavel Durov legally regain his freedom. I will donate $1 million if it is created in a decentralized way with enough community support.”
We should show the cryptocurrency industry's unity by organizing a #FreePavel DAO to help Telegram founder Pavel Durov legally gain freedom. I'll donate $1 million if it's created in a decentralized way with enough community support. @elonmusk @MarioNawfal
— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 25, 2024
They Bought TON for $1 Million!
Apart from Justin Sun, NFT project Memeland also purchased $1 million worth of TON to support the Telegram CEO after his arrest.
Memeland, the developer of Memecoin (MEME), announced in its X post that it had converted $1 million from its team treasury into TON, thus supporting Telegram CEO Pavel Durov, who was arrested in France.
The team added that they will not sell TONs until Durov is released.
20 hours ago, we converted $1,000,000 of our team treasury into $TON in the open market. We will HODL until #FREEDUROV.
Telegram is the app that our team, most Web3 people, and millions of people use every day. It may have some bad actors, but which platform doesn’t?
This is… pic.twitter.com/E37yymRrcz
— Memeland ❤️ Memecoin (@Memeland) August 25, 2024
*This is not investment advice.
