Brothers, a big scoop is here! Blum is in big trouble!

Latest news: Blum co-founder Vladimir Smerkis (former head of Binance CIS) has been arrested in Moscow! This guy is suspected of fraud and has been directly apprehended by the Russian police.

These charges may be related to the earlier Token Fund and Tokenbox projects, where investors reportedly lost over 15 million dollars.

Now the Moscow court is in proceedings, and the specific sentence duration has not yet been determined.

The Blum team reacted quite quickly, immediately issuing a statement saying this guy has resigned and has nothing to do with the project. But, you know, this kind of excuse only fools the novices. The key point is that there is less than a month left until they issue their token, and the timing of this news breaking is just too damn coincidental, isn't it?