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Market News

Justin Sun Proposes $1M DAO to Support Telegram CEO Pavel Durov

Written By Iyiola Adrian
Published 2024-08-26·Updated 2 years ago
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Justin Sun Proposes $1M DAO to Support Telegram CEO Pavel Durov

Justin Sun, founder of TRON, has stepped in to support Telegram’s CEO, Pavel Durov, who is currently facing legal problems in France. 

In a recent tweet, Sun suggested setting up a decentralized fund, with the hashtag “FreePavel DAO,” and offered to contribute $1 million of his own money to help Durov. However, this plan will only move forward if the community supports it and the process is kept decentralized.

We should show the cryptocurrency industry's unity by organizing a #FreePavel DAO to help Telegram founder Pavel Durov legally gain freedom. I'll donate $1 million if it's created in a decentralized way with enough community support. @elonmusk @MarioNawfal

— H.E. Justin Sun 👨‍🚀 🌞 (@justinsuntron) August 25, 2024

Sun also tagged Elon Musk and Mario Nawfal to get them involved in the idea. Meanwhile, Telegram has also released an official statement backing Durov and urging for a quick resolution to his situation.

Durov was reportedly detained at an airport near Paris yesterday. While some early reports claimed it was related to Telegram’s content moderation practices, no official charges have been confirmed yet. 

The hashtag #FreePavel is trending on social media, with many in the community questioning why the French government is targeting Durov. 

In its statement, Telegram emphasized that it follows European laws and dismissed any claims that Durov or the platform are responsible for any wrongdoing.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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