Bitcoin

Russia&#39;s &#34;Crypto Queen” Valeria Fedyakina-known as &#34;Bitmama”‐ is <a href="https://watcher.guru/news/crypto-scandal-russias-crypto-queen-caught-with-70-million-in-suitcases#google_vignette" rel="noopener noreferrer nofollow">under</a> investigation. She is accused of a huge cryptocurrency fraud. Allegedly, she hid millions in suitcases and ran deceptive investment schemes.Rise and Fall of BitmamaFedyakina gained incredible fame on social media by flaunting a lavish lifestyle. She claimed it was funded by her success in crypto. However, authorities began to question the source of her wealth as they unraveled her operations.Details of the FraudProsecutors found substantial evidence of fraud. Media outlets showed Fedyakina with suitcases full of cash. One victim claimed he handed over approximately 6.7 billion rubles (around $70 million). He believed the investments were secure.Fedyakina allegedly lured investors with nonexistent projects. These included hotels in Dubai and oil ventures. She portrayed herself as capable of managing large-scale investments alone. She often requested substantial initial investments from participants.Legal Troubles and ChargesFedyakina has been in jail for over a year during the investigation. She gave birth during this time and now resides in a special cell that accommodates childcare. She faces charges of &#34;fraud on an especially large scale.&#34; The penalties could include up to 10 years in prison.<a href="https://cryptotale.org/russias-crypto-queen-bitmama-under-investigation-for-fraud/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Russia's 'Crypto Queen' Bitmama Under Investigation for Fraud

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