Blum Crypto Delivers Tiny Payouts After 8 To 12 Months of User Mining
June 29, 2025 | By The States Alert
The crypto community is in turmoil as Blum Crypto, a tap-to-earn project on Telegram, faces significant backlash after its highly anticipated airdrop left most users feeling let down. To make matters worse, the project’s former co-founder, Vladimir Smerkis, has been arrested in connection with a $15 million fraud case in Russia.
š What went wrong?
False Expectations: For over a year, Blum has been urging users to āmineā tokens every day, all while promising substantial airdrop rewards.
The Reality: Unfortunately, over 90% of users ended up with just 35 BLUM tokensāa minuscule amount that holds little to no value.
Shocking Rules: To add insult to injury, users can only claim their tokens once every 180 days, getting 30% now and the remaining 70% after six monthsāor risk losing everything.
Token Crash: Just hours after the airdrop, the price of the BLUM token took a nosedive, proving the community’s worst fears right.
āļø Vladimir Smerkis: A Shadow Over the Project :
Former co-founder Vladimir Smerkis was arrested in Moscow back in May for his alleged role in a $15 million crypto fraud linked to earlier ventures like Token Fund and Tokenbox. Although he had distanced himself from BlumCrypto several months prior, his association has unfortunately left a lasting stain on the project’s reputation.
š¬ Community Speaks Out: āWe Were Usedā
Crypto influencers and airdrop farmers alike have condemned Blum for exploiting their trust and time:
āThey farmed us for a year. And gave us dust. This wasnāt an airdropāit was abuse,ā one Reddit user wrote.
āThis is a textbook bait-and-switch,ā tweeted crypto educator @cointeach.
The hashtag #BlumScam is now trending across platforms like X (Twitter), Threads, and Telegram.
š”ļø How Can the Community Get Justice?
While legal action might face some hurdles because of jurisdiction and the decentralized nature of crypto, experts have some thoughts :
Public Pressure: When hashtags go viral and social media buzzes, companies often feel the heat to respond and might even change their policies.
Whistleblowing : Sometimes, former employees or developers step up to share the truth if they believe the company has acted dishonestly.
Class Actions (U.S. perspective) : If a significant number of users in the U.S. suffer financial losses, thereās a chance a class action lawsuit could be on the table.
š§ How to Stay Safe from Airdrop Scams in the Future
To avoid becoming a victim of shady projects, hereās what crypto users should always check:
| ā Do This | ā Avoid This |
| Research the teamās history | Projects with anonymous founders |
| Check for clear tokenomics | No whitepaper or roadmap |
| Look for multi-wallet security audits | Too-good-to-be-true rewards |
| Read community feedback on X/Reddit | Rushed hype on Telegram |
š Final Takeaway: A Hard Lesson for Airdrop Enthusiasts
Blum Crypto might not be the first project to make grand promises and fall short, but it has certainly become a cautionary tale in the crypto world. It’s crucial for users to stay alert and recognize the value of their time. If a platform is taking up your time, attention, and data, you absolutely deserve to be compensated fairly.