Russia has arrested Blum co-founder Vladimir Smerkis on fraud charges

Vladimir Smerkis, a co-founder of Telegram based on the Crypto Project Blum, has been reported arrested in Moscow, Russia, in frauds on fraud, amid Blum proving that he is no longer a project.
Zamoskvoretsky District Court of Moscow has approved a request from investigators to keep Sgerkis custody reported on May 18.
Smakeris – who had previously run the operation for Binance in Russia – is suspected of making fraud on a “large scale,” in accordance with Article 159 of the Criminal Code of the Russian Federation, violations of which can result in imprisonment from two to 12 years.
It is unclear whether the charges were filed against Smerkis.
Russian news outlet mash Tied The allegations against fraud against Smerkis in his involvement in the token fund and tokenbox crypto ventures he founded in 2017, where investors have been reported to have experienced a combined losses of nearly $ 15 million.
Blum, who was not involved in token fund and tokenbox ventures, wrote to X on May 18 that Smerkis resigned from his role as a company Chief Marketing Officer and will no longer be involved in the project in any capacity.
Blum said its team remains fully focused and focused on its goals and its daily operation will continue as usual.
Blum is a crypto project that includes a decentralized exchange with Telegram Mini Apps, enabling users to trade crypto, earn rewards and participate in token airdrops.
No Smaker, no Blum Token?
The incident caused concerns that Blum’s Airdrop token would not follow as planned.
In a post of April 3 x, Blum Hinted In a potential Blum token list in this year’s third quarter.
Blum users can receive Blum tokens Earn Blum points In the newly launched drop game, where users tap on snowflakes falling from their mobile phone screen, and convert those points to tokens during the project Event of token generation.
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However, the news of the arrest of Smerkis appears to be shaking Community confidence that Blum token Airdrop will happen.
“Blum owes its users a clarification on the planned AirDrop,” an X user and Blum Community Member SaysWhile Crypto Influencer RK Gupta added:
“No AirDrop. No updates. Just silence. Is all there is nothing?”
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