Russian mother and self-styled ‘crypto expert’ jailed over 23 million USD Bitcoin scam

Valeria Fedyakina, operating as “Bitmama,” has been sentenced to seven years in prison for a $23 million USD Bitcoin fraud. This fraudulent scheme exploited the context of tightening Western sanctions against Russia.

Fedyakina was arrested while attempting to flee and has been ordered to compensate her victims. Prosecutors described this incident as one of the highest-profile crypto fraud cases in the nation.

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