Vladimir Smerkis, co-founder of Telegram-based crypto project Blum and former executive of Binance in Russia, arrested

The cryptocurrency world has been rocked again with the news of the arrest of Vladimir Smerkis, co-founder of Telegram-based crypto project Blum and former executive of Binance in Russia.

The cryptocurrency world is buzzing again with the news of the arrest of Vladimir Smerkis, co-founder of Telegram-based crypto project Blum and former executive of Binance in Russia.

The arrest, which took place in Moscow and was reported by Russian state media TASS, has raised great concern in the crypto community.

This past history has led the public to question the credibility of projects that Smerkis has run or is currently running. Although he was previously recognized for his role in Binance’s expansion in Russia, his reputation is now on the line.

Responding to this case, Blum has taken quick steps to cut ties with Smerkis. On May 18, Blum officially announced through its X account (formerly Twitter) that Smerkis has resigned from his position as Chief Marketing Officer (CMO).

Blum emphasized that Smerkis is no longer involved in the project’s operational activities or strategic decisions. The project’s activities will continue as usual.

The project is known for its interesting features, such as crypto trading directly on Telegram Mini Apps, as well as token rewards and airdrop programs. However, many users are still concerned about the BLUM token airdrop, which was supposed to take place in the third quarter of 2025.

Many users have participated in Blum’s Drop Game, a point collection system to qualify for the airdrop. But with the arrest and Smerkis’s departure, there are worries about the continuation of the token distribution process.

Renowned crypto influencer, RK Gupta, also expressed his disappointment, stating, “No airdrop. No updates. Just silence. Is it all for nothing?” His comments highlight the unrest of many users who feel abandoned and have begun to doubt the credibility of the project as a whole.

Stay tuned for more updates about this case and other interesting developments in the cryptocurrency world.

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