Russian social media influencer Valeria “Bitmama” Fedyakina has been accused of scamming investors out of $23 million (2.2 billion rubles) that she allegedly sent to Ukrainian troops amid an ongoing war. Russian authorities say the 24-year-old, dubbed the “Queen of Crypto,” operated an unlicensed crypto exchange service, reportedly enabling clients to transfer funds between Moscow and Dubai. What is Valeria ‘Bitmama’ Fedyakina accused of? She is accused of promising high returns through a cryptocurrency-backed investment program, which she aggressively promoted on social media platforms like Instagram.