Crypto Co-founder Caught in Russia’s Fraud Circus! Find Out Who’s Behind Bars! 🎭💰

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Crypto Co-founder Caught in Russia’s Fraud Circus! Find Out Who’s Behind Bars! 🎭💰

Crypto chaos in Russia

Hold onto your Bitcoin wallets, folks! Vladimir Smerkis, the *not-so-humble* co-founder of Blum — the Telegram-approved crypto darling — has been snatched up in Moscow faster than you can say “blockchain meltdown.” 🚔💥

Moscow Court Drama

Yes, folks, the Zamoskvoretsky District Court (try saying that three times fast!) waved their magic gavel and approved his detention based on some serious-sounding charges of “big-time fraud” — basically the crypto version of “You’re under arrest, buddy!” And if he’s unlucky enough to be found guilty? Welcome to the 12-year club! 🏛️🔒

The authorities haven’t even bothered to drop the full charges on him yet, but why let details get in the way of a good scandal, right? It’s like a soap opera, but with more money and less shampoo. 🤨🧴

Crypto scandals over the years

Now, let’s talk about the *dubious* past ventures! Mash media linked Smerkis to the infamous token projects “The Token Fund” and “Tokenbox,” launched back in the days of floppy disks and dial-up internet… oh wait, 2017. These ventures supposedly snatched $15 million from investors — poof, gone like a magician’s rabbit. 🐇💸

But don’t worry, Blum is *not* connected to those old shenanigans — at least, that’s what they say while nervously sweating in front of the investigators. Still, the whole crypto circus has everyone looking at Blum like it just dropped a clown car on their front lawn. 🤡🎪

Meanwhile, Smerkis once ran operations for some other shady ventures — but, who’s counting? Probably not the investigators, thankfully! 🙃

Stay tuned, folks, because in the wild, wild world of crypto, today’s scandal is tomorrow’s headline. Or punchline. Or both.

Read more at Coingape. Because nothing says “trust us” like a good old crypto scandal. 🚀🤷‍♂️

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2025-05-19 11:44