Blum (Blum)

$BLUM Airdrop Co‑founder has been sentenced to 5 years imprisonment over fraud.

MF did us dirty 😂 https://t.co/UVdVKb4TRp

🎯 Blum co-founder sentenced.

According to multiple reports, Smerkis, who previously led #Binance CIS and co-founded the $Blum crypto platform was sentenced by a Moscow court to five years in prison over large-scale fraud allegations tied to activities outside Blum’s current operations.

The case reportedly centers around a failed 2024 marketing deal involving millions of rubles, while some reports also link scrutiny to earlier crypto ventures like Tokenbox.

📌 Smerkis had already stepped away from Blum in 2025 after his arrest.

📌 Blum publicly stated he was no longer affiliated with the project.

📌 The ruling is reportedly not yet final and can still be appealed.

📌 There is currently no confirmed evidence that Blum users’ funds or the platform itself were directly involved in the criminal case.

🚨 The news has understandably created uncertainty within the Blum community, especially around the project’s long-term credibility and token listing expectations.

Remember, in crypto, be optimistic but keep your expectations low.

Well deserved..
How many of you are rugged by this scammed project $BLUM..