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Crypto Platform Blum based in Telegram, Vladimir Smerkis,, has been arrested in Moscow for investigating fraud.
18 May the Russian District Court of Zamoskvoretsky approved the request to be held in custody while the case was in the examination.
TASS National News Agency reported that The arrest relates to suspicion of large fraud referred to in Article 159 of the Criminal Code in the countrywhich could withstand a prison sentence from two to twelve years.
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According to the Russian exit MashThe investigation is perhaps related to earlier crypto projects that Smerkis helped launch, token and Tokenbox Fund, both founded in 2017. Reports claim that investors may have lost about $ 15 million in these projects. However, these projects are not associated with Blum.
In a May 18 Post on xBlum stated that Smerkis had stepped down from his role as the main marketing and no longer part of the team. The company also said that his work would continue without disorder and that he was still focused on his original goals.
Blum is a crypto project built within a mini -apps of telegram. It allows users to trade tokens, earn awards and join Airdrop campaign without leaving the application. The company said they were Services does not affect an ongoing investigation and that Smerkis did not have a role in older projects.
On May 13, former CEO and CEO of Cred, a demolished cryptocurrency loan company, she said guilty of fraud. What did they discover an agreement on the confession of guilt? Read the whole story.
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