The Zamoskvoretsky Courtroom of Moscow initiated the arrest of a former Binance govt and co-founder of the Blum tap-to-earn app, Vladimir Smerkis, on fraud costs.
In accordance to Russian information website TASS, citing regulation enforcement companies, the Zamoskvoretsky District Courtroom granted an investigator’s request to detain Smerkis for alleged fraud. Particulars relating to the costs stay unclear.
The company’s interlocutor cited Article 159 of the Prison Code of the Russian Federation.
Information of the arrest comes someday after Blum posted on social media that Smerkis has stepped down from his function as CMO.
Smerkis “is now not concerned within the growth of the challenge or in any co-founder capability,” the corporate said on X.
In a separate put up, 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 trade (DEX) platform.
Launched by a crew together with former Binance executives, Blum aims to make crypto accessible and fascinating for each newcomers and seasoned merchants.
Smerkis was beforehand in command of the Binance CIS phase.
