Blum Co-Founder Arrested in Moscow on Fraud Charges

Posted: 2025-05-19 04:46:32 UTC

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2025-05-19 04:46:42 UTC

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Vladimir Smerkis, co-founder of the crypto game Blum, has been arrested in Moscow as part of a criminal investigation into a large-scale fraud.

Blum's ex-CMO detained in fraud case

Allegations of $15M+ losses

Past crypto ventures under scrutiny

Court approved detention

Large-scale fraud investigation

Scrutiny of past crypto ventures

Lack of official ruling published