Vladimir Smerkis, co-founder and former Chief Marketing Officer (CMO) of Blum, has been arrested in Moscow. While the specific details of the charges against Smerkis have not been disclosed, they are believed to involve large-scale fraud using BLUM.
This incident has raised concerns about the reputation and future trajectory of the Blum project and its associated token, theBLUM token. To protect its project from the impact of this arrest, Blum announced that Smerkis has resigned from the position of CMO and is no longer involved in the development of the project.
I joined Blum when it was a new project, but I did not receive any airdrop, no tokens to play its P2E game in Telegram, I left it. Now this new thing has come to light. It is fine for me that I did not invest directly, but the time, effort I spent on it was definitely disappointing.
