Blum co-founder detained for alleged crypto fraud: report

The Moscow Court Zamoskvoretski launched the arrest of the former executive director and co-founder Blum Clap-for AP Applications, Vladimira Sirkisa, on criminal charges.

Toward to Russian West Tass, stating the law enforcement agencies, the District Court of Zamoskvoretically approved the investigator’s request to detain Supplement for alleged fraud. Details regarding the charges remain unclear.

The interlocutor of the Agency stated Article 159 of the Criminal Code of the Russian Federation.

The arrest news comes the day after the Blum published on the social media that Sirkis deviated from his CMO role.

Smerkis “is no longer included in the development of the project or in any co-fuse,” Company said on X.

In a separate post, Blum thanked direction “for its contribution to the project”, adding that this day to business will continue as usual.

What is Blum?

Blum is a CRIPTO (T2E) CRIPTO MINI-APP to combine gamifififififified with a hybrid decentralized exchange (DEX) platform.

A team launched involving former bynance managers, Blum goals In order for Cripto to make accessible and engagement for both the actress and spicy traders.

Sirkis was previously in charge of the binancene CIS segment.