Here is a brief overview of the latest news from Blum (Telegram cryptocurrency exchange):
Arrest: Co-founder Vladimir Smerkis was arrested in the Russian Federation for fraud (Tokenbox case, ~$15 million). He has left the project.
Launch of token $BLUM: Scheduled for June 2025. Conditions for the airdrop — 100K BP, 750 MP or activity, +2 invitations.
Integration with TON: Blum is transitioning to the TON ecosystem, as required by Telegram's policy.
New features: Perpetual futures, trading contests, improvements to Memepad.
Anti-fraud: Duplicate rewards have been removed, and control has been introduced.
