Vladimir Smerkis, co-founder of Blum and former head of Binance Russia and the Commonwealth of Independent States, was arrested in Moscow on May 16th on suspicion of large-scale fraud, and specific charges have not yet been announced. Some reports suggest that this case may be related to his previous leadership of The Token Fund and Tokenbox projects. Blum subsequently announced that Smerkis had resigned from his position as Chief Marketing Officer and would no longer be involved in project development. （The