Russian authorities arrest Vladimir Smerkis, co-founder of Blum.

Vladimir Smerkis, co-founder of Blum, was detained in Moscow on suspicion of fraud. The details of the case are still unknown. The arrest of Smerkis has shaken the Blum ecosystem, although the team claims he is no longer part of the project. Blum, a popular crypto project on Telegram, faces uncertainty following the arrest of its co-founder.

The world of cryptocurrencies is once again rocked by a scandal in Russia, where Vladimir Smerkis, co-founder of the cryptocurrency video game Blum, was arrested on suspicion of fraud. The Zamoskvoretsky District Court of Moscow was responsible for issuing the arrest warrant.

The news has generated a wave of uncertainty within the Blum ecosystem and in the cryptocurrency sector in general.

Despite this incident, the Blum team has sought to reassure users by stating that Smerkis is no longer involved in the project, but his arrest continues to raise many questions. The arrest of Vladimir Smerkis has cast a shadow of doubt over the future of Blum and its operations. Although details of the case remain scarce, Russian authorities have linked him to a possible fraud network. As investigations progress, the gaming and cryptocurrency community wonders if the Blum project will manage to overcome this scandal. For now, the Blum team asserts that they are taking the necessary steps to ensure transparency and move forward with the video game.

However, the impact of this arrest may be broader than it seems, affecting trust in cryptocurrency-based games and virtual tokens within the ecosystem and beyond. The arrest of Smerkis coincides with moments when the project aims to launch its native token in the spring of 2025: What will happen next?