Russian ‘Crypto Queen’ Reportedly Arrested in Moscow

Police in Russia have reportedly arrested an entrepreneur and “crypto influencer” known as Bitmama, aka the “Queen of Crypto,” on fraud charges.

Per Moskvich Magazine and the Telegram-based news networks Baza and Readovka, Valeria “Bitmama” Fedyakina was detained by police on September 15 after an “acquaintance” filed a fraud complaint.

The unnamed “acquaintance” claimed Fedyakina had duped him into handing over almost $70 million.

Police reportedly believe that other individuals also invested their money with Fedyakina, but suspected that she was in fact operating a “financial pyramid.”

When the allegations came to light, the media outlets reported, Fedyakina allegedly attempted to “escape” with her investors’ funds.

The outlets described her “disappearance” as “sudden” and occurring “around a week before her arrest.”

Fedyakina reportedly told investors that they could expect 1% returns on funds they deposited with her.

She is also the CEO and Founder of a crypto-related firm known as Holdinga.

Bitmama positioned herself as a crypto influencer, and amassed almost just short of 55,000 Instagram followers, as well as 7,000 followers on X (Twitter).

— Bitmama (@Bitmama88) April 20, 2023

Her most recent Instagram post was made two weeks ago.

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Another post on the network shows she was slated to speak at a Moscow based even on September 16.

However, her firm’s website appears to be offline at the time of writing, and she has not updated her X accounts since April this year.

Another website affiliated with her trademarked Bitmama brand also appear to be offline.

The media outlets reported that Fedyakina was six months pregnant at the time of her arrest, and stated that she could face up to 10 years if convicted.

Police reportedly decided to arrest Fedyakina as they thought she posed a flight risk.

She is being held in a pre-trial detention center awaiting a court hearing.

Who Is Russian ‘Crypto Queen’ Valeria Fedyakina?

The crypto influencer holds a UAE residence permit and listed Dubai as her location on social media channels.

Fedyakina was named as one the “10 Innovative And Driven Women Entrepreneurs to Follow in 2023” in a listicle published by the International Business Times earlier this year.

She was also featured in English-language media outlets such as the Arabian Post.

Fedyakina (28) had previously spoken of crypto’s sanctions-evading potential for Russians, and reportedly worked with a range of “wealthy” clients.

Moskvich Magazine wrote that she had been “working with crypto exchanges for a long time,” and noted: “She usually receives cash from clients and withdraws funds abroad for a fee.”

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Fedyakina claimed she had “extensive connections” with “businesses and state-run corporations.”

The same media outlet wrote that Bitmama’s “daily turnover” was in the “tens of millions of dollars.”

Earlier this month, police officers in the Russian Far East arrested a crypto miner believed to have caused “large-scale” damage by illegally connecting rigs directly to a local power grid.


She should be duly investigated and if found wanting should be punishedd


Honestly for real


Sure that is the rule


Ahhh, what’s going o here ?


Yikes, oh dear mama


She should be convicted,if found guilty because she is one of the people causing havoc to the crypto space.


lol why on earth they going back to russia?
do ur scams in Dubai and never come back
So basically we have now a scammer family: bitboy and bitmama lmao


So sexy girl

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Beautiful mama


Yes. She’s good. But for me TOP -10

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lovely. I propose to make a Miss Aptos contest. With a prize of 1000 APT

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Why she arrested whas reason behind.

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You are welcome to APTOS and good luck on your project


with all that money she scammed - anyone can become beautiful :melting_face: :rofl: