Vladimir Smerkis, co-founder of the Crypto Challenge Blum, based on Telegram, has been detained in Moscow on alleged large-scale fraud charges. According to a report by the Russian news agency, allegations of fraud against Smerkis have been reported under Article 159 of the Russian Penal Code, with a sentence of 2 to 12 years if found guilty. However, no allegations have been framed on Vladimir yet. However, after this news, Blum Community is in a lot of panic and is assuming it Blum Token Airdrop Can affect the plan of.
Allegations against Vladimir Smerkis, case related to old projects?
According to reports, the allegations of fraud on Vladimir Smerkis are associated with Crypto Ventures called The Token Charity and Tokenbox, which he co-found in 2017. Investors investing in these projects have lost about $ 15 million (about ₹ 125 crore).
However, it has been clarified that currently running Blum Challenge has no relation with these old ventures. A Russian media outlet reported that the investigation against Smerkis began only after complaints from investors of these old projects.
Blum’s response, now no relation of Smerkis
The BLUM team told through an X (East Twitter) post on 18 May that Vladimir Smerkis had already resigned from the post of CMO (Advertising Officer) of the company and now he has no connection with Blum.
The team also said that it is fully committed to its vision and goals and will not have any effect on the daily operations of the project. Blum, Telegram integrates the DECENTRALZED alternate (DEX) through the miniature apps and allows users to make crypto trading, rewards earning and participate in the aardrops.
What is danger in Blum Token Airdrop?
After the arrest of Vladimir Smerkis, the biggest question arises that will Blum Eirdrop Cancel? Blum recently conducted a game, Leave Sport Establishing, in which users earn blum issues by tapping the falling snowflakes. These points can be converted into Blum Token in the upcoming Token Era Match.
But now many community members and influencers are expressing concern. One user wrote, Blum should be given a clear statement regarding its AirDrop Plan. Point to be noted is that Big investment of binance labs in Blum Crypto There is also, which makes this project secure in a way. But the team associated with the project will have to come forward and assure the youth.
Conclusion
The arrest of Vladimir Smerkis is a major setback, but Blum has made it clear that his project is working independent and Smerkis is no longer connected to it. However, rebuilding the Community Trust is now the biggest challenge for the team. In the coming weeks, Blum will have to show through transparency and communication that their airp plan is on track.
