Telegram 'Black Swan Event' Exposes Risk in Popular Crypto Deals.

The detention of Telegram founder Pavel Durov has had a significant impact on the crypto venture capital sector, particularly on Toncoin, a digital token closely associated with the messaging app. Toncoin attracted investments from major firms such as Pantera Capital Management, Animoca Brands, and Mirana Ventures, with Pantera investing over $100 million earlier this year. However, Durov's detention on charges related to criminal activity on Telegram has raised concerns about the future of Toncoin. The token's value has dropped, and investors are now assessing the potential impact on Telegram's user base. Token deals, which involve investments in tokens instead of traditional equity, offer advantages such as quicker exits and more up-to-date project evaluations, but they also come with high volatility and immediate visibility of losses. [Extracted from the article]