Bulgarian Police Raids OneCoin Offices, ‘Ponzi Scheme’ Servers Shut Down

It is against highly controversial Altcoin in court cases, it is yet another step in a series of international raid. This one coin was printed on offices and its servers had seized on Sophia's Bulgaria 17 and 18 January. In spite of this, the servers were closed, and the same one coin was turned on by the representatives of the Bulgarian law enforcement as well as the European Union crime fighting units.

These raids took place at the request of the prosecutor's office in Bielefeld, Germany. This Van Cocaine, which promotes itself as a centralized model, which protects its members' safety, the founder of Vaccine Ruja Ignatovo is born of Bulgarian but he is German citizenship. It is not decentralized, does not run on open source software and does not have any public account, it ensures compliance with AML [anti-money laundering], and it is not fit in the definition of cryptocurrency.

SOURCE - https://cointelegraph.com/news/bulgarian-police-raids-onecoin-offices-ponzi-scheme-servers-shut-down