Vladimir Smerkis, co-founder of the crypto game Blum and former director of Binance in the CIS, has been arrested in Moscow.

The Zamoskvoretsky Court of Moscow authorized his arrest as part of a criminal case involving large-scale fraud.

According to the Telegram channel Mash, the arrest is related to Smerkis's previous ventures, in which investors reportedly lost at least 15 million dollars.

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