Pavel Durov, the CEO of Telegram, went to his messaging app to not only criticize the reasons behind his recent detention but also declare he is ready to abandon unsuitable markets.
“Sometimes we can’t agree with a country’s regulator on the right balance between privacy and security. In those cases, we are ready to leave that country. We’ve done it many times,” Durov said, referencing Iran and Russia as two instances. “We are prepared to leave markets that aren’t compatible with our principles, because we are not doing this for money. We are driven by the intention to bring good and defend the basic rights of people, particularly in places where these rights are violated.”
Durov was arrested at a Paris airport last month; before then, a French court issued charges. Charges of “complicity in the spread of sexual images of children and other crimes such as drug trafficking on the messaging app” were leveled against him. The arrest was a part of a larger cybercrime probe looking into Telegram’s claimed involvement in drug trafficking, child pornography, and money laundering enabled by its cryptographic tools and services.
Durov was released by French officials under “judicial supervision,” which mandates the Telegram creator remain in France. The most often used messaging app made a positive portion of its income from crypto-related operations. Recent Financial Times analysis shows that as of 2023, it possessed $400 million in digital assets. Durov claims Telegram is valued at least $30 billion.
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