According to reports, Russian woman Valeria Fedyakina was sentenced to 7 years by a Moscow court for planning and executing a Ponzi scheme in 2023. She defrauded investors of Bitcoin worth 23 million dollars.
She claimed to be able to conduct offshore cryptocurrency investments through Dubai to evade sanctions, attracting a large amount of funds, with daily trading volume reaching 15 million dollars at one point. The prosecution stated that she actually transferred the funds into a wallet under her control and was arrested while planning to flee to the UAE.
