According to TechFlow, on August 8, the High Court of London issued a global asset freeze order against those suspected of OneCoin fraud. The case was initiated by more than 400 victims, and the freeze order involved the assets of Ruja Ignatova and co-founders Sebastian Greenwood, Christopher Hamilton and Robert MacDonald.
Hamilton and MacDonald were charged with facilitating money laundering, and the assets of four influencers who promoted the scam and related business entities were also frozen.
OneCoin was launched in 2014 and billed itself as a "Bitcoin killer" but was revealed to be a Ponzi scheme. Ignatova defrauded investors worldwide of $4 billion before it collapsed and disappeared in 2017, last seen on a flight to Athens, Greece, and landed on the FBI's Ten Most Wanted list.