Russian ‘Bitmama’ Jailed for $23M Bitcoin Scam Promising Sanctions Evasion
MOSCOW— A Russian woman who styled herself as “Bitmama” has been sentenced to seven years in a penal colony after orchestrating a $23 million Bitcoin pyramid scheme that preyed on Russians desperate to bypass Western sanctions. The case, which unfolded in the heart of Moscow’s luxury hotels, marks one of Russia’s largest recent crypto frauds…
