Close Menu
Cryprovideos
    What's Hot

    Crypto Analyst Warns XRP Buyers Amid Market Retrace

    July 27, 2025

    Bitcoin (BTC) Common Hashrate Spikes to 1 ZH/s for First Time Ever

    July 27, 2025

    Bitcoin Treasuries Grow to be Nationalization Honeypots – The Each day Hodl

    July 27, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»$15M Gone? Telegram Crypto Venture's Co-Founder Arrested For Alleged Fraud | Bitcoinist.com
    M Gone? Telegram Crypto Venture's Co-Founder Arrested For Alleged Fraud | Bitcoinist.com
    Crypto News

    $15M Gone? Telegram Crypto Venture's Co-Founder Arrested For Alleged Fraud | Bitcoinist.com

    By Crypto EditorMay 19, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    $15M Gone? Telegram Crypto Venture's Co-Founder Arrested For Alleged Fraud | Bitcoinist.com

    Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Advert Disclosure

    A co‑founding father of Blum, a crypto challenge constructed into Telegram Mini Apps, was arrested this week in Moscow on fraud expenses. Vladimir Smerkis, who as soon as ran Binance’s operations in Russia, now faces an investigation underneath Article 159 of the Russian Legal Code. His detention has despatched shockwaves via the Telegram‑based mostly platform’s group.

    Courtroom Grants Custody Request

    In line with TASS, on Might 18 the Zamoskvoretsky District Courtroom accredited a request to maintain Smerkis in custody. He’s suspected of “massive‑scale” fraud, which underneath Article 159 carries a sentence from 2 to 12 years in jail.

    Detention at this early stage often means investigators consider they’ve agency proof, although formal expenses haven’t been made public.

    Picture: Bankless Occasions

    Scrutiny Of Previous Ventures

    Based mostly on reviews from Mash, the probe reaches again to 2 crypto corporations Smerkis co‑based in 2017: The Token Fund and Tokenbox. Traders in these ventures reportedly misplaced roughly $15 million mixed.

    Now, authorities are revisiting these losses to see in the event that they tie into this case. His background working Binance in Russia has solely added to the eye on his actions.

    BTCUSD buying and selling at $103,331 on the 24-hour chart: TradingView.com

    Token Airdrop On Maintain

    Blum’s roadmap had promised a BLUM token itemizing within the third quarter. Customers earn factors in its Drop Recreation—tapping falling snowflakes on their telephone screens—and convert them to tokens throughout a token era occasion.

    All of that occurs inside Telegram Mini Apps, the place buying and selling, rewards and airdrops are built-in. After the Might 18 information, many locally are actually uncertain the airdrop will occur on schedule.

    Crew Vows Continuity

    In line with a press release on X, Blum confirmed Smerkis has resigned as chief advertising and marketing officer and may have no additional position. The workforce says every day operations will keep it up as common and that focus stays on delivering the token occasion. Nonetheless, particulars on who now oversees advertising and marketing and airdrop logistics are scarce, leaving some customers uneasy.

    We wish to inform our group that Vladimir Smerkis has stepped down from his position as CMO and is now not concerned within the growth of the challenge or in any co-founder capability.

    — Blum (@blumcrypto) Might 17, 2025

    Trying Forward

    The code behind the Telegram Mini App could also be stable—however in crypto, belief in folks issues simply as a lot. How Blum handles transparency and governance now will decide if it recovers its momentum or turns into a cautionary story for different Telegram‑based mostly initiatives.

    Featured picture from TechNext, chart from TradingView

    $15M Gone? Telegram Crypto Venture's Co-Founder Arrested For Alleged Fraud | Bitcoinist.com

    Editorial Course of for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent assessment by our workforce of high know-how consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Crypto Analyst Warns XRP Buyers Amid Market Retrace

    July 27, 2025

    Actual-time crypto laundering exposes CEX vulnerabilities — Report

    July 27, 2025

    Greatest Crypto to Purchase Now as Dogecoin Alerts A Bullish Worth Transfer – CryptoDnes EN

    July 27, 2025

    Wrench assaults drive crypto buyers to centralized custodians

    July 27, 2025
    Latest Posts

    Bitcoin (BTC) Common Hashrate Spikes to 1 ZH/s for First Time Ever

    July 27, 2025

    Bitcoin Treasuries Grow to be Nationalization Honeypots – The Each day Hodl

    July 27, 2025

    The Smarter Net Firm Purchases 225 Extra Bitcoin For Its Bitcoin Treasury

    July 27, 2025

    Satoshi-Period Investor Sells $9 Billion in Bitcoin By means of Galaxy Digital

    July 27, 2025

    Bitcoin Value Might Nonetheless Tumble Down To $109,000 — This Chart Sample Suggests So

    July 27, 2025

    Michael Saylor’s Technique Expands Most popular Fairness Sale To $2.47 Billion To Purchase Extra Bitcoin

    July 27, 2025

    Ethereum ETFs Outpacing Bitcoin? BlackRock’s ETHA Hits $10B Milestone

    July 27, 2025

    Bitcoin May Hit $150K This 12 months, Says Mike Novogratz—However Ethereum May Outperform BTC – Decrypt

    July 27, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Crypto met potentie x100 te gaan na Trump inauguratie

    January 16, 2025

    Binance Futures Introduces KAIAUSDT and AEROUSDT Perpetual Contracts with 75x Leverage

    December 4, 2024

    LA Wildfires Ethereum NFT Profit Mission Options Artwork From CryptoPunks Creator – Decrypt

    January 17, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.