TON cancels Dubai event over safety concerns in UAE amid Middle East conflict
TON blockchain's ecosystem conference set for May in Dubai has been cancelled amid the escalating conflict in the Middle East, the organization said Thursday.
"Unfortunately, due to the Middle East conflict and safety conditions in the UAE area, we have made the decision to cancel Gateway Dubai, originally scheduled for May 1 and 2, 2026," TON posted on X. "This was a difficult call, but the safety and well-being of our community always comes first."
Shortly after the U.S. and Israel launched strikes in Iran, the country attacked the United Arab Emirates with missiles and drones. Dubai, a popular city among crypto entrepreneurs, is the largest city in the UAE.
TON Gateway planned to bring together builders and developers working in the TON ecosystem. Event planners said Thursday they are "examining different formats to produce a Gateway event before the end of this year."
"The UAE has borne the brunt of more than two-thirds of Iran’s strikes; the state targeted in part, say analysts, for its deep military and intelligence partnerships with western powers, and Dubai’s reputation as a favored centre for global finance and western holidays," The Guardian reported Wednesday.
Dubai, along with many other cities in the region, has experienced severe travel disruptions due to the ongoing conflict.
The major crypto event Token2049, also set in Dubai and scheduled for next month, will go ahead as planned, according to Fortune.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Privacy coins: the missing layer between crypto and institutions
Altcoin NEAR Pumps by Over 6% as the Rest of the Crypto Market Bleeds, Next Bull Target for NEAR Soon?
CDS Soar Collectively, "SpaceX and Others" Still Borrowing Furiously! How Long Can the AI Debt Frenzy Last?
The wave of AI infrastructure debt is reshaping the global credit landscape at an unprecedented pace, with the technology industry's debt reaching $500 billion in the first nine months of this year. However, frequent alarms have been raised in the CDS market, US Treasury yields have climbed to 5.3%, the highest in over twenty years, and Dalio pointed out that this is a "classic bubble that will be burst by interest rates."
Crypto prices
More
