Vladimir Smerkis Arrested in Moscow on Fraud Charges

Russian businessman Vladimir Smerkis has been arrested in Moscow on charges of massive fraud, specifically related to his past ventures. The Zamoskvoretsky District Court is investigating allegations that he orchestrated a large-scale scam affecting over $15 million in investor funds. 2018’s collapse of The Token Fund, where Smerkis previously served as head of the CIS division at Binance, adds further weight to these accusations. Smerkis remains under custodial measures while authorities investigate potential losses and his legal team prepares for proceedings.