OneCoin & The CryptoQueen: The Biggest Scam in Crypto History
The RiseIn 2014, Ruja Ignatova launched OneCoin, claiming to dethrone Bitcoin. Promising wealth without tech expertise, she stole $4.5B by 2017, attracting investors from 175 countries
The Illusion of LegitimacyOneCoin lacked a blockchain & used fake transaction records to deceive investors. Ruja, flaunting designer outfits, dismissed critics as “jealous bankers” while running Ponzi scheme that relied on new investments.
Cracks in the FacadeIn 2016, regulators exposed OneCoin as a scam, but she reassured investors with rallies. In Oct 2017, she disappeared after skipping a keynote, later found to have planned her escape & laundered money.
Manhunt BeginsRuja's disappearance led to FBI probes and a $5M bounty. Despite rumors & raids, she remains elusive, possibly hiding with altered appearance & powerful allies
Prize RewardThe U.S. Department of State is offering a reward of up to $5,000,000 for information leading to the arrest and/or conviction in any country of Ruja Ignatova.