Ruja Ignatova of OneCoin AKA cryptoqueen
History will always be told and will continue to be remembered for centuries as the human race thrives, for Ruja Ignatova history will be kind to her as one who made out will billion dollars worth of investment leaving lots of investors to deal with their debt those caught in her scheme will pass on their experience to friends and loved ones, such recurring event in crypto space only does more harm than good since more people presume cryptocurrency to be a made-up Ponzi scheme to introduce rob people off their wealth.
Ruja Ignatova
A Bulgarian-German, born 30th May 1980 and known for her popular OneCoin Ponzi scheme that lures several investors into losing their funds she founded a centralized cryptocurrency company OneCoin Ltd. registered in Dubai, and OneLife Network Ltd registered in Belize.
The 42-year-old Bulgarian-German cryptoqueen has been declared missing for 4 years, 8 months, and 8 days and has made it to the top 10 most wanted fugitives by the US FBI in 2022 a bounty of $100,000 has been placed on whoever discloses her information.
How the OneCoin scheme work
OneCoin Ltd claims to be an educational company responsible for shipping/exchanging educational materials like books, it integrated a coin OneCoin which is a centralized coin managed by the company, users can purchase instructional packages between 100 to over 100 thousand units worth of euros packages this packages when shipped comes with a token that is used to mine OneCoin.
To convince users they claim these coins are mined in servers in two locations in Bulgaria and Hong Kong.
In 2014-2017 mining activities were very popular and a lot of people were scammed in the name of mining I guess this was all because back then people had little understanding of how crypto mining works, OneCoin tokens were only exchangeable in the internal marketplace those with the advanced level package were given special treatment to directly convert their OneCoin token into euros from their wallets.
In January 2017 OneCoin exchange was closed down due to a regulatory investigation.
During the early days of crypto inception, multiple schemes were introduced, and millions were lost to these dubious acts I believe these perpetrators succeeded due to users' limited understanding of blockchain technology today more advanced schemes are as well introduced to lure users into losing their assets, stay safe out there always make due diligence research on any project before investing any spare cash.
OneCoin scheme is a big event that went down in crypto history and will always be told many years from now.
Hi @mccoy02
Knowing this kind of experiences will always give us a new perspective on how we can execute our investment plan in the cryptocurrency world, thanks for sharing this information about Ruja Ignatova.
Best regards, be well.
We read and learn to avoid certain pit holes happens this is a good lesson for all crypto lovers.
Your post was upvoted and resteemed on @crypto.defrag