The biggest scam in cryptocurrency history is undoubtedly the Onecoin scam, a colossal pyramid scheme that unfolded from 2014 to 2018. Let's delve into this dark chapter:
🔍 The Genesis:
Founded in Belgium by Ruja Ingtova in 2014, Onecoin promised users high returns through its digital currency.
💰 The Promise:
Onecoin lured individuals across the globe with the pledge of substantial profits, attracting victims from countries like Pakistan, England, Switzerland, and beyond.
⚠️ The Unraveling:
As the project expanded internationally, authorities started taking notice. In 2017, Onecoin was exposed and declared a scam by international authorities, debunking its claim to be a legitimate cryptocurrency.
💔 The Fallout:
The Onecoin scam defrauded people of a staggering $4 billion. However, the mastermind behind it all, Ruja Ingtova, has not been apprehended and currently holds a spot on the FBI's top ten fugitive list – the only woman on the list.
The Onecoin scam stands as a stark reminder of the need for vigilance and scrutiny in the crypto space. Have you heard about this scam before? Share your thoughts and insights! 🔗
