Former Binance director Vladimir Smerkis sentenced to five years for fraud
Crypto Briefing
Former Binance executive Vladimir Smerkis received a five-year prison sentence in Moscow for defrauding a crypto trader of approximately $110,000.Summary
Vladimir Smerkis, former head of Binance’s Russia and CIS operations, has been sentenced to five years in prison by a Moscow court for large-scale fraud. Prosecutors successfully argued that Smerkis took $110,000 from trader Oleg Polunin for promotional services that were never performed, instead using the funds for personal expenses. The ruling is subject to appeal, and the case involves Smerkis’s private conduct rather than his former work at Binance or his current project, Blum.
(Source：Crypto Briefing)