00:00It's Benzinga, and here's what's on the block.
00:03French prosecutors have charged Telegram CEO Pavel Durov with enabling criminal activity
00:07on the messaging platform and placed him under formal investigation.
00:10Durov was arrested and is accused of complicity in organized crime, drug trafficking, child
00:15pornography distribution, and fraud, among other charges.
00:18He remains in French custody, has posted over $5 million for bail, and is under strict judicial
00:23supervision.
00:24Telegram defended Durov, stating that the platform abides by EU laws and denies responsibility
00:29for user abuse of the platform.
00:31For all things money, visit Benzinga.com.
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