Ex-Binance Exec Vladimir Smerkis Arrested in Moscow for Fraud

Vladimir Smerkis, former head of Binance’s CIS division and co-founder of crypto game Blum, has been arrested in Moscow on fraud charges. The Zamoskvoretsky District Court ordered his detention earlier this week. Authorities have not yet disclosed the specific nature of the alleged crime. Blockchain industry sources reported that Smerkis’ arrest follows an investigation into tap-to-earn platforms, a trend with growing global attention.