TON OF TROUBLE. With Telegram CEO Pavel Durov set to seem in a French courtroom on Wednesday, blockchain analysts are weighing the potential impression on the carefully affiliated TON blockchain, formally referred to as The Open Community. Alex Thorn, Galaxy Digital’s head of analysis, reminded buyers in a report that the worth of the TON blockchain and its native token, toncoin (TON), are “considerably dependent” on the venture’s integration with Telegram. The TON worth 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 response to the Galaxy report. (A supply advised The Protocol that Telegram does not function any of them, though our makes an attempt to succeed in the supporting TON Basis for remark had been unsuccessful.) It is not clear “how resilient TON will be within the case that France or every other 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 neighborhood 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, attributable to a surge in community visitors – and probably linked to the latest airdrop of a TON-based memecoin referred to as DOGS. In a put up on X, the TON blockchain crew defined that “A number of validators are unable to wash the database of previous transactions, which has led to shedding the consensus,” assuring that “no cryptocurrency belongings will likely be misplaced as a result of subject.”
