The Zamoskvoretsky Court docket of Moscow initiated the arrest of a former Binance government and co-founder of the Blum tap-to-earn app, Vladimir Smerkis, on fraud fees.
In accordance to Russian information website TASS, citing legislation enforcement businesses, the Zamoskvoretsky District Court docket granted an investigator’s request to detain Smerkis for alleged fraud. Particulars concerning the costs stay unclear.
The company’s interlocutor cited Article 159 of the Felony Code of the Russian Federation.
Information of the arrest comes in the future after Blum posted on social media that Smerkis has stepped down from his function as CMO.
Smerkis “is not concerned within the growth of the challenge or in any co-founder capability,” the corporate said on X.
In a separate submit, Blum thanked Smerkis “for his contribution to the challenge,” including that day-to-day operations will proceed as ordinary.
What’s Blum?
Blum is a Telegram-based tap-to-earn (T2E) crypto mini-app that mixes gamified incomes with a hybrid decentralized change (DEX) platform.
Launched by a group together with former Binance executives, Blum aims to make crypto accessible and interesting for each newcomers and seasoned merchants.
Smerkis was beforehand accountable for the Binance CIS section.
