While the crypto markets continued to take a beating over the weekend, one coin is actually gaining ground.

TON, which is associated with messaging app Bitcoin stayed flat.

The crypto markets may be down, but one coin is making gains despite the market downturn.

The crypto markets may be down, but one coin is making gains despite the market downturn.

After several months in France, Telegram CEO Pavel Durov has returned to Dubai.

“As you may have heard, I’ve returned to Dubai after spending several months in France due to an investigation related to the activity of criminals on Telegram. The process is still ongoing, but it feels great to be home,” Durov wrote on Telegram on Monday.

He will be required to return to France by Apr. 7.

Telegram began to develop TON—also known as The Open Network—in 2017, to allow its rapidly growing user base to quickly process transactions in the app using blockchain technology. It is now an integral part of the platform, used to pay for games, advertisements and transaction fees. It has amassed a market cap of over $8 billion.

Telegram and alleged criminal activities

Durov had been banned from leaving France since August after he was arrested near Paris last year.

Telegram has attracted nearly one billion global users since it was founded in 2013 through its emphasis on privacy and security. But this policy has also reportedly allowed the app to be used for the distribution of child sexual abuse material, drug trafficking, fraud and other criminal activities.

Telegram previously said it was “absurd” to hold Durov responsible for criminal activities that occur on Telegram in a X post following his arrest. “It is absurd to claim that a platform or its owner are responsible for abuse of that platform,” the company wrote, adding that its moderation practices are “within industry standards and constantly improving.” The company did not immediately respond to Fortune's request for comment.

Durov’s arrest prompted backlash from the likes of Ethereum founder Vitalik Buterin and U.S. whistleblower Edward Snowden, who said the move was a politically-motivated attack on freedom of speech.

Durov has maintained his innocence throughout the investigation, writing on Telegram on Monday: “When it comes to moderation, cooperation, and fighting crime, for years Telegram not only met but exceeded its legal obligations.”