Vladimir Smerkis, formerly a co-founder of Blum, has been arrested in Russia on fraud charges 🚨
According to the official Blum channel, Smerkis has stepped down as Chief Marketing Officer and is no longer involved in the project or listed as a co-founder.
@TMECryptoNews
According to the official Blum channel, Smerkis has stepped down as Chief Marketing Officer and is no longer involved in the project or listed as a co-founder.
@TMECryptoNews
Update:
The arrest of Blum co-founder Vladimir Smerkis may be connected to projects from previous years, in which clients lost at least $15 million.
In 2017, he launched The Token Fund — one of the first cryptocurrency investment funds, where investors bought the internal token TKN using real crypto in exchange for promises of multiplying their money. The project raised $8 millionin investments, profited from the crypto boom — and then abruptly shut down in 2018. Investors never got their money back.
Smerkis' next project was Tokenbox, which raised $7 million. The TBX token was listed on two exchanges simultaneously, but it lost value almost instantly and faded into obscurity.
On May 16, Vladimir Smerkis was arrested on fraud charges.
@TMECryptoNews
The arrest of Blum co-founder Vladimir Smerkis may be connected to projects from previous years, in which clients lost at least $15 million.
In 2017, he launched The Token Fund — one of the first cryptocurrency investment funds, where investors bought the internal token TKN using real crypto in exchange for promises of multiplying their money. The project raised $8 millionin investments, profited from the crypto boom — and then abruptly shut down in 2018. Investors never got their money back.
Smerkis' next project was Tokenbox, which raised $7 million. The TBX token was listed on two exchanges simultaneously, but it lost value almost instantly and faded into obscurity.
On May 16, Vladimir Smerkis was arrested on fraud charges.
@TMECryptoNews
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