Remembering Onecoin scam

  • The OneCoin scam allegedly stole $4 billion from investors worldwide.
  • The OneCoin scheme was promoted as a cryptocurrency that would offer high returns to its investors.
  • However, OneCoin did not use a public blockchain, and its value was determined solely by the company.
  • Despite the lack of transparency and verifiable data, the OneCoin scam attracted millions of investors globally.
  • The scheme collapsed in 2017, and its founder, Dr. Ruja Ignatova, is currently facing charges of fraud and money laundering.

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