TechFlow news, according to dlnews, despite Telegram CEO Pavel Durov's arrest by French authorities causing Toncoin to drop nearly 15% over the past seven days, multiple cryptocurrency venture capital firms remain optimistic about Toncoin's prospects.
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Alex Felix, Managing Partner at CoinFund, said TON's fundamentals remain attractive.
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Matthew Graham, founder of Ryze Labs, pointed out that TON accounts surpassed 50 million for the first time this week.
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Shauli Rejwan, Managing Partner at Masterkey VC, believes strong projects can transcend initial associations, and TON is poised to achieve this.
Venture capitalists emphasize that the Telegram application should not be conflated with Toncoin, which became a cryptocurrency nominally separate from Telegram after its 2020 settlement with the U.S. Securities and Exchange Commission.
Currently, Durov is under formal investigation, required to report to police twice weekly, with bail set at $5.5 million.
