Former regional director of the largest cryptocurrency exchange Binance, Vladimir Smerkis, was arrested in Moscow. Law enforcement officials apprehended Smerkis on May 16 and charged him with large-scale fraud, for which he faces a penalty of up to 10 years in prison and a fine of up to ₽1 million. After Vladimir's detention, a hearing took place in the Zamoskvoretsky Court of Moscow regarding the choice of a preventive measure, as a result of which he was placed in custody, likely for two months.
