Breaking: Moscow Court Detains Ex-Binance Exec on Shocking Fraud Allegations!

Holy smokes, folks! The Zamoskvoretsky Court in Moscow just threw the book at Vladimir Smerkis, a former Binance bigwig and co-founder of the Blum tap-to-earn app. They've slapped him with fraud charges, and he's now cooling his heels behind bars!

Word on the street, straight from Russian news hounds, is that the Zamoskvoretsky District Court didn't hesitate to lock up Smerkis after some investigator cried fraud. But here's the kicker – details about these bombshell charges are still murkier than a Moscow winter!

The chatter from law enforcement points to Article 159 of Russia's Criminal Code. What's that about? Your guess is as good as mine right now!

Get this – the news of Smerkis's arrest dropped like a bombshell just a day after Blum spilled the beans on social media, announcing that Smerkis had taken a hike from his CMO gig.

Blum didn't mince words: Smerkis "is no longer involved in the development of the project or in any co-founder capacity," they blasted out on X. Talk about a swift exit!

But wait, there's more! In another post, Blum threw Smerkis a bone, thanking him for his "contribution to the project," but made it crystal clear that it's business as usual for them. No hiccups here, folks!

What is Blum?

Now, if you're scratching your head wondering what Blum is all about, listen up! It's a slick Telegram-based tap-to-earn (T2E) crypto mini-app that's part game, part hybrid decentralized exchange (DEX). It's like the Swiss Army knife of crypto apps!

Blum burst onto the scene, courtesy of a team that includes ex-Binance hotshots, aiming to make crypto not just accessible but downright fun for both newbies and crypto vets alike.

Before all this drama, Smerkis was calling the shots at Binance's CIS segment. But now? He's got bigger problems than crypto charts!