🇷🇺 Vladimir Smerkis, co-founder of Telegram-based crypto project Blum, has been detained in Moscow on large-scale fraud allegations under Article 159 of Russia’s criminal code.
👮 The Zamoskvoretsky District Court approved his arrest, and if convicted, Smerkis could face up to 12 years in prison.
⚠️ This development raises serious questions for Blum’s future and its upcoming token plans.