Russian authorities leveled terrorism facilitation charges against Pavel Durov on July 29, prompting an arrest warrant that rattled markets. GRAM, the cryptocurrency linked to Durov, fell 12% over the week as concerns about the founder's legal troubles grew.
The Federal Security Service (FSB) is behind the charges, intensifying the pressure on Durov, known for founding Telegram and the Telegram Open Network. The move raises questions about the future of GRAM amid escalating legal risks.
