
Five individuals have been sentenced in Austria for their involvement in a crypto scam that defrauded over 40,000 investors out of $21.6 million. The group operated through a scheme known as the EXW Wallet, using the stolen funds to finance a lavish lifestyle that included luxury cars and private jets. The convictions highlight ongoing issues in the cryptocurrency space, where scams continue to target unsuspecting investors. Separately, a Russian influencer, known as the 'Queen of Crypto,' is accused of scamming over $22 million, allegedly claiming the funds were for supporting the Ukrainian military. Her actions have drawn significant attention, particularly given the geopolitical context of the ongoing conflict.






An Austrian court convicted a group of scammers who defrauded 40,000 investors of $21.6 million through a crypto scheme, spending the stolen funds on luxury items like private jets, a villa with a shark tank, and high-end parties. https://t.co/3OS2XRPVaq
💲🇺🇦 Russian influencer known as the “Queen of Crypto” scammed unsuspecting investors out of over $22 million that she then sent to Ukrainian troops, - New York Post Valeria Fedyakina carried out the scam by convincing investors to transfer their money to Dubai crypto to avoid… https://t.co/TVY5ahLOUI
Russian ‘Queen Of Crypto’ stole $22M in scam to fund Ukrainian army https://t.co/g0CUlLqG4e