- Russian influencer Valeria Fedyakina, known as “Crypto Queen,” reportedly defrauded investors of over $22 million in crypto scams
- Her scheme involved posing as a crypto expert with international offices, convincing victims to send funds to Dubai-based crypto accounts
- The investigation suggests Fedyakina may have used part of the funds to support the Ukrainian military during the Russia-Ukraine conflict
Russian influencer Valeria Fedyakina, also known as the “Crypto Queen,” scammed investors out of over $22 million in crypto schemes and reportedly funded the Ukrainian army amid the ongoing war between Russia and Ukraine.
According to Russian media, 24-year-old Fedyakina presented herself as a cryptocurrency and digital asset expert on social media pages, where she gained the trust of investors and her victims. She now faces multiple cases of “large-scale” fraud.
Crypto Queen Scam
After winning over the trust of investors, the Crypto Queen then defrauded her victims by stealing their funds, and so far four victims have come forward to report stolen money.
The flashy influencer, who called herself “Bitmama” on social media, pretended to be an established cryptocurrency expert with offices in Dubai, Monaco, Moscow, Serbia, and Turkey. She convinced victims to trust her with their millions of dollars.
State news agency TASS reported that the Russian Investigative Committee (RIC) has completed investigations on the case, stating that police deceived her victims by convincing them to transfer their money to a crypto account in Dubai to avoid banking restrictions.
According to the victims, they were promised a 1% bonus on the cash they transferred once it was converted to cryptocurrency.
Conclusion
In conclusion, the case of Valeria Fedyakina, the “Crypto Queen,” once again highlights the risks associated with the world of cryptocurrencies and unscrupulous influencers. The promise of easy profits and the allure of self-proclaimed experts can deceive even the most cautious investors.
