Binance’s Former Russia Head Arrested in Major Fraud Investigation
Vladimir Smerkis, former head of Binance's Russia division, has been arrested in connection with a large-scale fraud case, according to TASS.
Key points:
- The Zamoskvoretsky District Court in Moscow approved his detention at the request of investigators.
- No specific details about the fraud case have been disclosed.
- Smerkis recently stepped down as chief marketing officer of trading app Blum, which he co-founded in December 2023.
- He was also involved with other projects including Tokenbox.io and The Token Fund.
- Smerkis worked for Binance from 2022, serving as head of its Russian operations and later the CIS business.
- Binance has not commented on the situation.