TON OF TROUBLE. With Telegram CEO Pavel Durov set to seem in a French court docket on Wednesday, blockchain analysts are weighing the doable impression on the intently affiliated TON blockchain, formally known as The Open Community. Alex Thorn, Galaxy Digital’s head of analysis, reminded traders in a report that the worth of the TON blockchain and its native token, toncoin (TON), are “considerably dependent” on the undertaking’s integration with Telegram. The TON value tumbled after the information that Durov was arrested on Saturday – detained as a part of an investigation into crimes allegedly deliberate or broadcasted on Telegram. The TON blockchain has greater than 350 validators globally, however it’s unclear what number of of those Telegram operates, if any, in keeping with the Galaxy report. (A supply informed The Protocol that Telegram would not function any of them, though our makes an attempt to achieve the supporting TON Basis for remark had been unsuccessful.) It is not clear “how resilient TON might be within the case that France or another main governments try and assault it or to take it down as a part of Durov’s arrest,” Thorn wrote. The TON Society, describing itself as a group group affiliated with TON, circulated an open letter condemning Durov’s arrest and calling upon France to launch him. In a really crypto-style interlude to the saga, the TON blockchain suffered a near-six-hour outage on Wednesday, brought on by a surge in community site visitors – and presumably linked to the latest airdrop of a TON-based memecoin known as DOGS. In a publish on X, the TON blockchain workforce defined that “A number of validators are unable to scrub the database of outdated transactions, which has led to dropping the consensus,” assuring that “no cryptocurrency property can be misplaced because of the challenge.”
