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 expenses.
In accordance to Russian information web site TASS, citing regulation enforcement businesses, the Zamoskvoretsky District Court docket granted an investigator’s request to detain Smerkis for alleged fraud. Particulars relating to the fees stay unclear.
The company’s interlocutor cited Article 159 of the Legal 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 position as CMO.
Smerkis “is now not concerned within the improvement of the undertaking or in any co-founder capability,” the corporate said on X.
In a separate put up, Blum thanked Smerkis “for his contribution to the undertaking,” including that day-to-day operations will proceed as standard.
What’s Blum?
Blum is a Telegram-based tap-to-earn (T2E) crypto mini-app that mixes gamified incomes with a hybrid decentralized alternate (DEX) platform.
Launched by a workforce 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 phase.
