#BLUM
The world of cryptocurrencies is once again shaken by a scandal in Russia, where Vladimir Smerkis, co-founder of the cryptocurrency video game Blum, was arrested on suspicion of fraud. The Zamoskvoretsky District Court of Moscow was responsible for issuing the arrest warrant.
The news has generated a wave of uncertainty within the Blum ecosystem and in the cryptocurrency sector in general.
What does Smerkis's arrest mean for the future of Blum?
Despite this event, the Blum team has wanted to reassure users by stating that Smerkis is no longer involved in the project, but his arrest still raises many questions.
The arrest of Vladimir Smerkis has cast a shadow of doubt over the future of Blum and its operations. Although details of the case remain scarce, Russian authorities have linked him to a possible fraud network.
Is this the end of Blum? Will it affect the future launch?