Valeria Fedyakina, a 24-year-old Russian influencer known as “Bitmama,” was sentenced to seven years in prison for orchestrating a $21 million crypto Ponzi scheme. Promising investors secure cross-border transfers and 1% returns via Dubai crypto channels, she defrauded multiple victims. Russian prosecutors alleged that some funds were used to support Ukraine’s military, intensifying her charges during wartime. Arrested in 2023 while pregnant, she briefly left jail to give birth but returned for trial. Critics argue the Ukraine funding claim lacks evidence and was politically motivated. The case highlights crypto’s misuse and Russia’s tough stance on digital fraud amid geopolitical tensions.