Co-founder of Blum Arrested
Russian authorities have charged Blum co-founder Vladimir Smerkis with large-scale fraud. He has been arrested and taken into custody.
According to media reports, the case may be related to the projects The Token Fund and Tokenbox, in which investors lost at least $15 million.
The day before his arrest, Smerkis left Blum. The team immediately distanced themselves from him. By the way, the release of the coin that had been anticipated for a year never happened.
