HomeAltcoinThe Founder of the Crypto Onecoin Scam is Among Europe's Most Wanted...

The Founder of the Crypto Onecoin Scam is Among Europe’s Most Wanted Criminals.


Europol is aggressively searching for Ruja Ignatova, the originator of the OneCoin Ponzi scam. Since Wednesday, May 11, 2022, the latter has been one of Europe’s most sought fugitives. Indeed, Ruja Ignatova is at the helm of OneCoin, one of the greatest cryptocurrency frauds in history. She has also inspired the BBC, which has created “The Missing Cryptoqueen,” a series of podcasts on her adventure.

From Ponzi to Europe without going to Square Start, Onekoin

Ruja Ignatova has therefore been added to Europol’s most sought list. Officials from the criminal justice system suspect her of being the “driving force and intellectual originator” of OneCoin. It “has lured investors throughout the world to invest in this basically worthless money,” they claim.

OneCoin’s members were reliant on the sale of bitcoin trading educational packets. Each member was entrusted with selling these packs to even more new members in exchange for commissions. At its peak, OneCoin claimed to represent 3 million individuals worldwide. This indicates numerous victims.

As a result, US prosecutors in the Southern District of New York investigated OneCoin officials. In 2019, they were accused of wire fraud, securities fraud, and money laundering. Ruja Ignatova, her brother, Konstantin Ignatov, and Mark Scott were among the accused.

Ruja Ignatova’s inclusion on Europe’s most wanted list broadens the scope of the hunt. Europol is offering a monetary reward of €5,000 (about $5,250) for information leading to his arrest. This raises the probability that the police will be able to bring her to justice one day.

In 2019, a federal jury in Manhattan convicted Mark Scott of the crime. The following year, Konstantin Ignatov entered into a plea bargain. This implies that our “Cryptoqueen’s” brother will face no additional criminal accusations.

Leave a Reply


The last phase of Ripple process has begun.

The ongoing lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has entered its final phase, according to Ripple CEO Brad Garlinghouse. Both...

Circle, a USDC issuer, has terminated its SPAC merger with Concord.

The circle was previously valued at $4.5 billion in July 2021, before being raised to $9 billion in February 2022. Circle, the creator of the USD...

For the community, the new Cardano algorithmic stablecoin reawakens old fears.

"I thought we already figured this out, algorithmic stablecoins aren't the best option," a Twitter user wrote. With the recent announcement that Cardano is on track...

Cryptocurrency exchange Kraken lays off 1,100 employees.

One of the biggest cryptocurrency exchanges in the world, Kraken, is reducing its workforce by about 30%, or 1,100 people, in order to "adapt to...

Follow us


Most Popular

%d bloggers like this: