The post Russian “crypto queen” scammed investors to fund Ukrainian army appeared on BitcoinEthereumNews.com.

Russian influencer Valeria Fedyakina, also known as “Crypto Queen” swindled investors of over $22 million in crypto scams and reportedly funded the Ukrainian military amid the ongoing war between Russia and Ukraine. According to Russian media reports, 24-year-old Fedyakina portrayed herself as an expert in cryptocurrency and digital assets on social media pages where she gained the trust of investors and her victims. Now she will face multiple counts of “large-scale” fraud. Crypto Queen scammed many including four victims who came forward After gaining trust with investors, the Crypto Queen then swindled her victims of their funds, and so far four victims whom she stole money from have come forward. The flamboyant influencer who went by the name “Bitmama” on social media, pretended to be a well-established expert in crypto with offices in Dubai, Monaco, Moscow City, Serbia, and Turkey. She convinced the victims to trust her with their millions of dollars. The state news agency, TASS, indicated that the Russian Investigative Committee (RIC) had completed their investigations into the case with police saying that the Crypto Queen duped her victims by convincing them to transfer their money to a Dubai crypto account to avoid banking restrictions. According to the victims, they were promised a 1% bonus on the cash they transferred to her once she converted it to crypto. The reports also state that she frequently posted on social media pages showing off her flamboyant lifestyle, promising investors “income in the shortest possible time,” as well as asking acquaintances to “invest fiat or cryptocurrency in the project.” However, the cash would quickly vanish as the Crypto Queen funneled the money into Ukraine’s armed forces to help them fight against the Russian invasion. “Fedyakina did not intend to carry out any of the actions she had promised to do so in…

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Filed under: News - @ October 23, 2024 5:25 am