Vladimir Smerkis, the founding partner of Blum, Telegram -based crypto project, was detained in Moscow on suspicion of large -scale fraud. According to the Russian news agency TASS, the Zamoskvoretsky Regional Court ruled the arrest of Smerkis upon the request of state investigators. Smerkis charges, the Russian Penal Code covering the crimes of heavy fraud, which is prepared in accordance with Article 159 said.
Scope of Inquiries and Claims
It is suggested that Smerkis may be sentenced to up to 12 years if he is found guilty. Authorities, Vladimir Smerkis’e official accusations have not yet completed the complete information about whether completed. The details of the investigation and exactly what the suspect is accused of exactly the details are kept limited.
Mash, local media organization, claimed that Smerkis’s past crypto initiatives were also examined within the scope of this investigation. According to the media, Smerkis was one of the founders of two separate platforms, The Token Fund and Tokenbox. It is claimed that these platforms, which were initiated in 2017, lost approximately $ 15 million to their investors.
Past crypto initiatives and investor losses
It is stated that the Blum project has no direct connection with the current investigation. However, the fact that Smerkis’s name was examined due to these projects in the past years has put pressure on the Blum. So far, a direct accusation of the financial activities of the current project has not been brought to the agenda.
Smerkis’s statements in social media and different channels were not shared with the public. Smerkis or Blum officials have not made an official statement so far. The opinions of the authorities in relation to the case and the investigation process draw attention.
“A comprehensive examination is carried out within the scope of the investigation and the evidence obtained is examined,” the statement made by Russia’s authorized institutions was used.
It is reported that no court decision or a definite provision is not given as of the stage of the investigation. According to the results of the investigation in the court, Smerkis’s situation will become clear.
Effects on the project and the sector
In the light of these developments, it is observed that transparency and security issues come up once again in Telegram -based crypto projects. Blum’s investors and crypto community show that it is affected by the process. New developments are quite, both investors and sector stakeholders should be careful.
Sector experts underline the importance of increasing official inspections and security, especially for new crypto projects. In this context, the process that affects a wide segment from the past investors who have lost losses to those who invest in Blum’s existing funds is carefully monitored.
The events once again remind the importance of legal processes and investor protection practices in the crypto currency world. Possible new sanctions or legal regulations may also be on the agenda in the coming period. The importance of extensive research and care of investors in such cases is the importance.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
