Russian "Queen of Crypto" Valeria Fedyakina Entangled in $22 Million Pyramid Scheme Allegations
Valeria Fedyakina, a prominent Russian influencer known as the “Queen of Crypto” and “Bitmama,” is now embroiled in serious legal issues after being accused of orchestrating a massive pyramid scheme that allegedly defrauded investors of over $22 million. Fedyakina, who gained rapid fame in the crypto world, is accused of enticing investors with promises of secure, high-return investments, only for them to find their savings potentially lost. In an even more stunning development, some investors have claimed losses exceeding $74 million, pointing to the far-reaching scope of her alleged scam.
The saga took another shocking twist when investigators disclosed that a substantial portion of the misappropriated funds might have been diverted to support Ukrainian military operations. This revelation has not only amplified her legal woes but has also left investors in turmoil, particularly those who feel a sense of betrayal that runs beyond financial loss, affecting their national pride. Fedyakina’s defense team maintains her innocence, claiming that she is merely a pawn in a larger plot, and they argue that she’s a loyal Russian citizen wrongfully accused.
In a dramatic turn of events, Fedyakina, who was reportedly pregnant, attempted to flee to the UAE but was instead placed under strict supervision. After giving birth, she was subsequently returned to detention under reportedly harsh conditions as she awaits her trial, set for November. Her situation has cast a heavy shadow over her once-glamorous image, with the Russian public watching closely as she faces the possibility of a decade-long prison sentence. This case has left an indelible impact not only on her family and former supporters but also on those who once believed in her vision, now caught in the turbulent fallout of her rise and fall.
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