Blum Co-founder Vladimir Smerkis Arrested for Fraud; Project’s Airdrop Faces Uncertainty

Vladimir Smerkis, co-founder of the Telegram-based cryptocurrency project Blum and former head of Binance’s CIS division, has been arrested in Moscow on suspicion of large-scale fraud. This arrest has sent shockwaves through the crypto community, particularly within Blum’s 5.3 million users, who now face uncertainty regarding the future of the highly anticipated BLUM token airdrop.