Vladimir Smerkis, co-founder of the Telegram-based crypto project Blum, finds himself in hot water in Moscow, Russia. Accused of large-scale fraud, he's been detained while investigations proceed. This echoes his past crypto ventures where investors reportedly lost around $15 million.
Blum, unaffected by these ventures, is continuing its operations, though concerns arise about its upcoming token airdrop amidst Smerkis' arrest. The community eagerly awaits clarification, fearing potential disruptions to the release of Blum's token.