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It’s been a tumultuous week for TON after the Telegram founder's arrest triggered a rapid sell-off, and two separate prolonged outages hit the network as a new memecoin overwhelmed the network. Amid the chaos, TON’s price has dropped over 20% this past week.
Telegram CEO Pavel Durov was released on €5M bail in France after being arrested there last week. His release, tied to a string of charges for “allowing” illegal activity on Telegram, adds to the challenges facing the TON ecosystem.
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