Meet Ruja Ignatova, the “Crypto Queen”.
In 2014, it launched OneCoin, one of the biggest scams in cryptocurrency history.
In 2017, she disappeared with $4 billion she had stolen.
She is currently on the FBI's 10 Most Wanted list and is presumed dead.
➜ In 2014, Ruja Ignatova launched OneCoin
- calls himself “BTC Killer”.
➜ She performed on stage in front of 90,000 people about the vision of OneCoin and its ecosystem.
Looking at Bitcoin, millions of people believed in it and invested their last dollar in the hope of earning a huge return on investment.
They want to create a unique ecosystem to surpass the success of Bitcoin.
The team claims that digital currencies are the ideal solution to eliminate intermediaries in financial transactions.
In the exhibition held in London, we can see novels that were written only two years ago.
➜ The company has been selling educational courses on cryptocurrencies, trading and investing as its main business
These courses are part of a multi-level marketing scheme that rewards participants for recruiting others.
Buyers were promised OneCoin mining tokens, but most of the documentation was stolen.
xcoinx Marketplace is an exchange for converting OneCoin to other currencies.
Members can only access it by purchasing more than one Starter Pack, with sales limits based on Education Pack level.
In January 2017, the exchange closed and most withdrawal requests were rejected before the closure.
In 2016, questions were raised about OneCoin as several countries began investigating the company, with some calling it a pyramid scheme.
In March, the Norwegian Direct Selling Association first called OneCoin a pyramid scheme.
➜ In May, the Central Bank of Hungary also issued a warning against OneCoin, calling it a pyramid scheme.
➜ In 2017, Ruja Ignatova disappeared when a warrant was issued for her arrest.
OneCoin claims to be the first company licensed by the Vietnamese government and legally allowed to use it as a digital currency.
However, the Vietnamese government denied this claim and stated that the alleged license was fake.
➜ 2018 Bulgarian police raid OneCoin offices.
Roja's brother, Konstantin Ignatov, serves as the face and director of the company.
Co-founder Sebastian Greenwood was arrested and Konstantin was arrested in November 2019.
➜ The Ruja Ignatova Ponzi scheme with OneCoin involved convincing investors to buy a cryptocurrency that promised high returns.
They claim to be mining coins, but in reality, there is no blockchain or actual mining process.
Ignatova and her associates are accused of defrauding investors of about $4 billion through false promises and misleading marketing tactics.