According to Foresight News, reported by The Block, Vladimir Smerkis, co-founder of the Telegram ecosystem trading application Blum, has been arrested in Moscow on suspicion of large-scale fraud. The allegations may relate to The Token Fund and Tokenbox, which he previously led and raised millions of dollars, but ultimately failed to deliver on their promises, resulting in losses for investors. Blum stated that Vladimir Smerkis has resigned from his position as Chief Marketing Officer and is no longer involved in project development or serving in a co-founder role.