🚨 The arrest of Vladimir Smerkis, co-founder of the crypto game Blum and former head of the CIS department at Binance, in Moscow on charges of fraud.

The Zamoskvoretsky District Court ordered his detention, without disclosing the details of the alleged crime so far.

For its part, Blum rushed to distance itself from him, confirming in an official statement to 5.3 million followers on X that he no longer has any role in the project:

"We would like to inform our community that Vladimir Smerkis is no longer serving as CMO and has no relation to the development or founding of the project."

This incident comes amid rising scrutiny on 'click-to-earn' games following the viral success of the game Hamster Kombat in 2024.

The market value of this sector today is approximately $511 million.

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