Telegram founder Pavel Durov is under formal investigation, with a bail set at $5.56 million according to the prosecutor.

1 Minutes Sep 25, 2024 184 Words

In a significant development, the founder of the messaging app Telegram, Pavel Durov, is currently under formal investigation. The investigation stems from alleged violations related to financial transactions, according to a statement released by the prosecutor’s office.

The prosecutor has set bail at a staggering $5.56 million, a move aimed at ensuring Durov’s appearance in future court proceedings. The decision to initiate formal investigations and the significant bail amount underscores the gravity with which the authorities are viewing these allegations.

Durov, known for his privacy-focused approach to technology, founded Telegram in 2013. The app has grown in popularity worldwide, particularly due to its focus on encryption and privacy features.

As the investigation unfolds, the tech community and Telegram users alike are waiting to see how this development will affect the future of the app and its founder. Durov, however, has yet to make a public statement regarding these allegations.

The exact details of the financial transactions in question, and how they allegedly violated the law, have not been disclosed at this time, but more information is expected to be released as the investigation progresses.