Blum co-founder Vladimir Smerkis has been arrested on suspicion of fraud

Vladimir Smerkis, co-founder of Crypto Game Blum and former head of Binance’s CIS division, has been arrested in Moscow on suspicion of fraud.

Zamoskvoretsky District Court ordered him to detain this week. Authorities have not made details of alleged criminal conduct.

Blum distances itself Vladimir Smelokis

Blum has now become prominent as part of the “Tap to Earn” wave. This allows users to repeatedly tap the screen to earn a digital token. In the case of Blum, players tapped the snowman to collect in-game currency. This claimed that the project could be exchanged for real-world money.

Arrests occur as scrutiny becomes stronger than the tap-to-year platform. In a statement shared with 5.3 million followers on X (Twitter), Blum revealed that Smerkis no longer plays a role in the company.

“We want to let the community know that Vladimir Smarquis has stepped down from his role as CMO and is no longer involved in the development of the project or the capabilities of the co-founder,” the team posted.

Tap to Aleen Game has attracted global attention following the success of Hamster Combat’s virus in 2024. The massive token airdrop of the biggest game so far has attracted the attention of users in this sector.

Blum quickly followed as one of several tap-to-alene projects. Today, the Tap-to-Year segment holds a market capitalization of $5111 million.