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Russian Woman Sentenced to 7 Years in Prison for Scamming $23 Million in Bitcoin

Summary: According to reports from The Daily Telegraph, a Russian woman claiming to be a cryptocurrency expert has been sentenced to 7 years in prison by a Moscow court for orchestrating a Ponzi scheme in 2023 that defrauded investors of $23 million (2.2 billion rubles) worth of Bitcoin in just 60 days. The woman, Valeria Fedyakina ...

According to reports from The Daily Telegraph, a Russian woman claiming to be a cryptocurrency expert has been sentenced to 7 years in prison by a Moscow court for orchestrating a Ponzi scheme in 2023 that defrauded investors of $23 million (2.2 billion rubles) worth of Bitcoin in just 60 days. The woman, Valeria Fedyakina from Simferopol, posed as Bitmama, a legitimate cryptocurrency exchange with offices worldwide, promising clients to use cryptocurrency to transfer funds overseas to bypass Western sanctions.

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