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Crypto Scam: The OneCoin scam, which stole more than $4 billion
Today, we’ll tell you about the OneCoin project, the largest scam in the history of crypto.
In 2016, Ruzha Ignatova, also known as the “Crypto Queen,” declared the OneCoin token a “Bitcoin killer.” Investments in OneCoin came from all over the world, but Ignatova and her team did not even create a blockchain for their coin, meaning the coin never went live for trading.
After transferring control of OneCoin to her brother, who pleaded guilty to fraud, Ignatova disappeared in 2017 and has not been seen since. In June 2022, she was added to the United States Federal Bureau of Investigation’s list of the top 10 most wanted criminals.
The scam ballooned to $4 billion because very large players also invested in the project.
The lesson here is simple: Anyone can make a mistake. Therefore, never give in to FOMO and also always DYOR.
Today, we’ll tell you about the OneCoin project, the largest scam in the history of crypto.
In 2016, Ruzha Ignatova, also known as the “Crypto Queen,” declared the OneCoin token a “Bitcoin killer.” Investments in OneCoin came from all over the world, but Ignatova and her team did not even create a blockchain for their coin, meaning the coin never went live for trading.
After transferring control of OneCoin to her brother, who pleaded guilty to fraud, Ignatova disappeared in 2017 and has not been seen since. In June 2022, she was added to the United States Federal Bureau of Investigation’s list of the top 10 most wanted criminals.
The scam ballooned to $4 billion because very large players also invested in the project.
The lesson here is simple: Anyone can make a mistake. Therefore, never give in to FOMO and also always DYOR.