Arrest of Blum Co-Founder in Moscow :-

Vladimir Smerkis, one of the founders of the crypto game Blum and former head of Binance’s CIS division, has been detained in Moscow over suspected fraud. The Zamoskvoretsky District Court issued the detention order without revealing details of the alleged wrongdoing. Blum gained popularity as part of the 'tap-to-earn' trend, where players tap their screens to earn digital tokens. Following the arrest, Blum clarified that Smerkis is no longer involved in the company. The tap-to-earn sector has attracted attention since the success of Hamster Kombat in 2024, with Blum being one of the projects that followed. Currently, the tap-to-earn market is valued at $511 million. BeInCrypto is committed to providing accurate and transparent information, but readers are encouraged to verify facts independently before making decisions based on the content.

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