Co-Founder of Blum Detained in Russia on Fraud Charges

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On a seemingly ordinary Friday, an extraordinary event unfolded. Smerkis, the co-founder of Blum, was whisked away by the authorities from Zamoskvoretsky District Court in Moscow. A thrilling turn of events, indeed!

The official charges remain shrouded in mystery, leaving room for wild speculations. However, the police, in their infinite wisdom, have pointed out that Smerkis’ detention is connected to a criminal case of a particularly ‘significant’ fraudulent nature. One wonders how significant exactly…

Link to Previous Projects

Whispers abound that these charges might be tied to Smerkis’ earlier ventures, such as The Token Fund and Tokenbox—those fleetingly bright stars in the crypto world. Once basking in the glow of millions raised, these projects have now faded into oblivion. Who knew that the past could catch up so quickly, right?

Blum Distances Itself from Smerkis

In a move that can only be described as swift and decisive (and slightly theatrical), Blum wasted no time distancing itself from the now infamous Smerkis. On Saturday, Blum’s X account officially confirmed that Smerkis had ‘graciously’ stepped down from his role as Chief Marketing Officer. No involvement with the project from him anymore—just like that.

Blum’s Background and Delayed Airdrop

Ah, Blum. It was once heralded as the darling of the crypto world, supported by Binance Labs and enrolled in its prestigious Most Valuable Builder accelerator program. Its shining moment came with the launch of the “Drop Game” in May 2024. Users joyfully tapped on snowflakes falling on their screens, racking up “Blum Points” in the hopes of an imminent airdrop. But alas, delays followed, and the eagerly awaited token-generation event seems as elusive as ever. Perhaps a few more “seasons” are needed before anyone sees a token, or perhaps they’re just waiting for the snowflakes to fall in their favor. 🥶

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2025-05-18 23:04