Vladimir Smerkis Arrested for Fraud
This is a Russia news story, published by CoinGape, that relates primarily to Blum news.
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•Business
Business & Economics
Blum Co-founder Vladimir Smerkis Detained in Russia on Fraud Charges

64% Informative
Vladimir Smerkis , Blum co-founder and ex-Binance Russia lead, was arrested in Moscow on May 18 .
Russian court approved detention over large-scale fraud tied to earlier ventures Token Fund and Tokenbox .
Blum confirmed SmerKis resigned and has no ongoing role in the Telegram -based project.
Arrest does not represent Russia ’s broader crypto stance, which is positive towards encouraging crypto markets.
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