Paris Court: Durov is charged with 6 crimes and a judicial investigation into Telegram has been launched

Odaily News According to the information disclosed on the official website of the Paris Court, Telegram CEO Pavel Durov was charged with all the crimes mentioned in the introductory indictment, including: · Organized group conspiracy to manage online platforms for illegal transactions (crimes punishable by up to 10 years in prison and a fine of 500,000 euros); · Refusing to provide information or documents upon request of an authorized agency; · Conspiracy to commit a crime, including providing programs or data intended to destroy automatic data processing systems without justifiable reasons, organized distribution of images of minors, trafficking of illegal drugs, organized group fraud, conspiracy or illegal acts for the purpose of committing a crime; · Organized group crimes and illegal money laundering; · Providing encryption services under a non-compliant framework; · Providing encryption means without fully ensuring identity authentication or integrity control functions. It is reported that Pavel Durov will be subject to judicial supervision, provide a bail of 5 million euros, an obligation to report to the police station twice a week, and is prohibited from leaving France. The court said that Telegram's previous almost complete lack of response to legal requests had attracted the attention of the Cybercrime Unit (J3) of the JUNALCO (National Jurisdiction against Organized Crime of the Paris Public Prosecutor's Office) and in particular of the OFMIN (National Office for Minors). The preliminary investigation began in February 2024 under the guidance of the Paris Public Prosecutor's Office and coordinated by OFMIN. Based on the introductory indictment of July 8, 2024, the judicial investigation was launched. The investigating judge entrusted the C3N (National Gendarmerie Cyber Unit) and ONAF (National Anti-Fraud Customs Office) to continue the investigation.
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Liquidated: A whale's $63.97 million BTC and ETH positions on Hyperliquid were liquidated, with a loss of $10.76 million
Odaily reports that according to Onchain Lens monitoring, a whale's BTC and ETH positions worth $63.97 million on Hyperliquid were liquidated 3 hours ago, resulting in a loss of $10.76 million. Its cumulative liquidation loss stands at $16.13 million, with a lifetime loss of $18.52 million. It currently has no open positions.
Chainlink Reserve buys another 106,300 LINK, bringing total purchases to 6.68 million
Odaily reports that according to Onchain Lens monitoring, Chainlink Reserve added 106,300 LINK today, bringing its cumulative purchases to 6.68 million LINK, valued at approximately $75.06 million. Over the past 30 days, Chainlink Reserve purchased 471,200 LINK, valued at approximately $5.36 million.
33 minutes, 4 liquidations: A Hyperliquid whale loses $972,700 but still holds a $16.16 million BTC long with 40x leverage
According to Onchain Lens monitoring, a whale was liquidated 4 times within 33 minutes, with cumulative losses of $972,700. The whale still holds a BTC long position worth $16.16 million with 40x leverage, a liquidation price of $71,119, just 1.07% away from the current price, an unrealized loss of $609,500, and cumulative losses of $1.01 million.
US Media: Nvidia Faces US Department of Justice Antitrust Investigation
Odaily reports that Nvidia (NVDA.O) is facing an antitrust investigation by the US Department of Justice. (US financial news outlet Semafor)
Foreign media: Nvidia's interim CEO does not lead major company decisions
Odaily reports that Nvidia's (NVDA.O) interim CEO is not the leader of the company's major decisions and is not responsible for setting the company's major decision agenda. (The Information)
Nvidia's decline further narrows to 4.24%
According to MSX.COM data, Nvidia's decline has further narrowed to 4.24%, now trading at $166.35, with its market cap returning above $4 trillion.
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