😱 Co-founder of Blum Crypto arrested on fraud charges
Vladimir Smerkis — former Director of Binance CIS and co-founder of the Blum Crypto project — was arrested in Moscow on suspicion of fraud related to cryptocurrency. If convicted, he could face up to 10 years in prison.
Immediately following the incident, the Blum team announced that Smerkis had stepped down as CMO and is no longer involved in the project in any capacity. The project claims that operations are continuing normally, but the community is concerned about the safety of user assets.