Pavel Durov Has Been Charged and Must Remain in France
Pavel Durov has been accused of participating in organized criminal activities, money laundering, and refusing to provide data upon the authorities' request. This information was disclosed in a press release from the French prosecutor's office, obtained by "Novaya Gazeta Europe".
As a result of these charges, Durov is now under judicial supervision: he is prohibited from leaving France and must post a bail of 5 million euros. He will be released on bail but will be required to report to a police station in person twice a week.
The list of charges includes six crimes: • Conspiracy to manage an online platform used for illegal transactions as part of an organized group; • Refusal to provide information or documents requested by authorized bodies necessary for lawful wiretapping; • Complicity in crimes by allowing Telegram access to users involved in distributing child pornography, trafficking drugs, fraud, and other criminal activities; • Money laundering resulting from crimes or offenses as part of an organized group; • Providing cryptographic services without proper declaration; • Importing cryptographic tools to ensure confidentiality without prior declaration.
Pavel Durov Has Been Charged and Must Remain in France
Pavel Durov has been accused of participating in organized criminal activities, money laundering, and refusing to provide data upon the authorities' request. This information was disclosed in a press release from the French prosecutor's office, obtained by "Novaya Gazeta Europe".
As a result of these charges, Durov is now under judicial supervision: he is prohibited from leaving France and must post a bail of 5 million euros. He will be released on bail but will be required to report to a police station in person twice a week.
The list of charges includes six crimes: • Conspiracy to manage an online platform used for illegal transactions as part of an organized group; • Refusal to provide information or documents requested by authorized bodies necessary for lawful wiretapping; • Complicity in crimes by allowing Telegram access to users involved in distributing child pornography, trafficking drugs, fraud, and other criminal activities; • Money laundering resulting from crimes or offenses as part of an organized group; • Providing cryptographic services without proper declaration; • Importing cryptographic tools to ensure confidentiality without prior declaration.
Friday’s performance was part of a larger shift. For the week, the Dow, S&P 500 and Nasdaq fell 2%, 2.9%, and 3.5%, respectively. At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised. Right now the digital security needs of Russians and Ukrainians are very different, and they lead to very different caveats about how to mitigate the risks associated with using Telegram. For Ukrainians in Ukraine, whose physical safety is at risk because they are in a war zone, digital security is probably not their highest priority. They may value access to news and communication with their loved ones over making sure that all of their communications are encrypted in such a manner that they are indecipherable to Telegram, its employees, or governments with court orders. During the operations, Sebi officials seized various records and documents, including 34 mobile phones, six laptops, four desktops, four tablets, two hard drive disks and one pen drive from the custody of these persons. "Like the bombing of the maternity ward in Mariupol," he said, "Even before it hits the news, you see the videos on the Telegram channels."
from tw
