HomeNewsOneCoin creator, Ruja Ignatova, declared wanted in Europe

OneCoin creator, Ruja Ignatova, declared wanted in Europe


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OneCoin creator, Ruja Ignatova, declared wanted in Europe
Photo Credit: cryptopumpnews.com

Europol has placed the founding father of OneCoin cryptocurrency, Ruja Ignatova, on its list of most wished criminals.

The European guidelines enforcement company took this step in its concerted efforts to bewitch the “crypto queen” who’s accountable for a multi-billion buck fraud.

The company mentioned that Ignatova

Is suspected of getting brought on traders worldwide to make investments in this nugatory “currency.”

It offered a reward of €5,000 for any files that’ll lead to the arrest of the alleged prison mastermind.

OneCoin operated as a Ponzi draw

Ignatova disappeared from the radar in 2017 after taking a flight from Sofia to Athens, where she used to be finally considered with two Russian men. She created OneCoin in 2014, claiming it’ll be the token that replaces Bitcoin.

“We are the Bitcoin killer. We’re quicker, safer and less dear,” she promised.

Nonetheless, it grew to change that all those promises were false since the coin didn’t even invent it to the blockchain. In its place, she spent the money on herself, and OneCoin grew to change into out to be a Ponzi.

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Prosecutors told a US court that the draw operated as a multilevel market network rewarding participants for recruiting others.

RED NOTICE: Ruja Ignatova, dubbed ‘the Cryptoqueen’, is #wished by Germany @bka for fraud and money laundering. A reward is offered for files leading to the arrest of the co-founding father of the alleged cryptocurrency ‘OneCoin’ in hiding since 2017. https://t.co/vz1hwxok9p pic.twitter.com/jvGb8pg6gz

— INTERPOL (@INTERPOL_HQ) May per chance per chance per chance additionally 11, 2022

There are now not any exact figures of how noteworthy used to be in actuality lost to the draw nonetheless some experiences inform the figure at around €88 million, with some pronouncing it will be noteworthy better.

Nonetheless, the Federal Felony Police Office (BKA), one of those who comprise issued a search warrant for her arrest, mentioned that “the damage brought on worldwide is seemingly to amount to several billion US dollars.” Filings in the Southern District of Contemporary York counsel this damage is also over $4 billion.

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Ruja Ignatova’s brother arrested

Her brother, Konstantin Ignatov, has been arrested. Ignatov grew to change into the final public face of the venture after his sister disappeared. He used to be arrested in Los Angeles in 2019 on charges of wire fraud and cryptocurrency scams.

Nonetheless, he’s for the time being helping the FBI in their efforts to arrest his sister after pleading responsible for the charges. In accordance with Ignatov, the crypto queen has already withdrawn about €500 million from the money raised from traders.

The BKA mentioned that Dr. Ruja Ignatova, who has a doctorate stage in guidelines, is “seemingly the motive force and intellectual inventor of the supposed cryptocurrency ‘OneCoin’” and led the promotion of the nugatory coin.

The search warrant highlighted that she would possibly perchance comprise altered her look given the necessary financial resources in her possession.

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