Russian 'Queen of Crypto' Valeria Fedyakina Scams $22M from Investors to Allegedly Fund Ukrainian Army

Brief by Shorts91 Newsdesk / 05:34pm on 24 Oct 2024,Thursday International

Russian influencer Valeria Fedyakina, dubbed the "Queen of Crypto," scammed over $22 million from investors, reportedly sending the money to Ukrainian troops amid the Russia-Ukraine war. Fedyakina, 24, portrayed herself as a cryptocurrency expert across social media platforms, convincing at least four victims to trust her with large investments. Russian authorities revealed that she operated under the alias "Bitmama" and had offices in Moscow, Dubai, and Monaco. After duping her victims, Fedyakina transferred the stolen funds to Dubai crypto, bypassing banking restrictions. Police confirmed the scam unfolded over two months.

Read More at New York Post

Menu