Vladimir Smerkis, the once-untouchable co-founder of Blum and former head of Binance’s CIS division, is now in a bit of hot water. Arrested in Moscow on charges of fraud, the news has shaken the crypto world to its core—or at least to the nearest tap-to-earn platform.
The Zamoskvoretsky District Court, in all its infinite wisdom, decided this week that Smerkis should remain detained. But don’t hold your breath for any juicy details on the alleged crime; the authorities are keeping that under wraps—because who doesn’t love a bit of mystery?
Blum Wants Nothing to Do With Smerkis
Blum, the crypto game that rocketed to fame with its oh-so-fun “tap-to-earn” gimmick, has had a sudden epiphany. Apparently, Smerkis, who was once their big shot, is no longer in the picture. Well, who knew? Just a few taps ago, he was running the show.
For those unacquainted, Blum’s magic trick involved tapping falling snowflakes to collect in-game currency, which—surprise!—could be exchanged for cold, hard (well, virtual) cash. Ah, the sweet smell of capitalism, isn’t it?
In light of the arrest, the company took to their 5.3 million followers on X (Twitter, of course) to make one thing clear: “Smerkis is out. He’s not the CMO, not the co-founder, not even the janitor. He’s just… gone.”
“We would like to inform our community that Vladimir Smerkis has stepped down from his role as CMO and is no longer involved in the development of the project or in any co-founder capacity,” the team posted. Well, that’s one way to put it.
Tap-to-earn games, once a quirky niche, suddenly became the hottest thing since sliced bread. Thanks to the 2024 viral hit Hamster Kombat, which broke records with the largest crypto token airdrop the industry had ever seen, every gamer with a thumb now wants in. Naturally, Blum followed suit, launching its own tap-to-earn venture into the fray.
Fast forward to today: the tap-to-earn sector has ballooned into a $511 million market cap. That’s right—half a billion dollars, all from people tapping their screens. Who knew that finger exercise could be so lucrative? 🍿
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2025-05-18 07:21