Moscow Police Apprehend Russian ‘Crypto Queen’ on Fraud Charges
Arrest and Allegations
Valeria “Bitmama” Fedyakina, a well-known Crypto queen in the cryptocurrency industry, has been detained by Russian authorities in connection with allegations of fraud. Her arrest came about following a complaint lodged by an acquaintance who asserted that Bitmama had defrauded them of an astonishing sum—nearly $70 million.
Authorities suspect that Bitmama may have been operating a financial pyramid scheme, raising concerns that more individuals may have fallen victim to her alleged fraudulent activities.
Escape Attempt & Legal Consequences
As the accusations began to emerge, Bitmama reportedly made an attempt to flee with the funds of her investors, adding an element of urgency to her arrest. Bitmama had assured her investors of substantial returns, pledging 1% returns on their deposited funds.
Fedyakina, who is currently six months pregnant, faces the possibility of up to a decade behind bars if found guilty. She is presently held in a pre-trial detention center, awaiting her day in court. Offline Business and Inactive Online Presence
Bitmama’s crypto-related company, Holdinga, is no longer operational, and her online presence has remained dormant since April.
Controversial Legacy of “Bitmama” in the Cryptocurrency Community
Valeria “Bitmama” Fedyakina is a notable figure in the cryptocurrency space and has been referred to as the “Queen of Crypto.” She gained recognition as a crypto influencer and entrepreneur. However, she came into the spotlight for the wrong reasons when she was arrested in Russia on fraud charges.
The arrest followed allegations that she had defrauded an acquaintance of a significant amount of money, leading to suspicions of her involvement in running a financial pyramid scheme. If convicted, she could face a substantial prison sentence.
Bitmama is also associated with a crypto-related firm called Holdinga, which, as of the latest reports, appears to be offline. Her online presence has been inactive since April.
