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According to a Deep潮 TechFlow report on June 27, a Moscow court recently sentenced "Crypto Mom" Valeria Fedyakina, who claims to be a cryptocurrency expert, to seven years in prison. Within just 60 days in 2023, she defrauded investors of $23 million (approximately 2.2 billion rubles) in Bitcoin through a Pyramid Scheme. This 30-year-old mother lured victims by claiming she could bypass Western sanctions through cryptocurrency trading in Dubai, handling up to $15 million in funds daily. In addition to serving time in a labor camp, the court also ordered her to compensate the victims for their losses.

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