Ruja Ignatova, the founder of the crypto Ponzi scheme OneCoin is now in the FBI's most wanted list. Ignatova, who's also known as the "Cryptoqueen" allegedly deceived investors and got away with $4 billion.
Related: Crypto Ponzi OneCoin used fake reviews for image improvement
The U.S. The Attorney's Office for the Southern District of New York announced that there would be a press conference to disclose the addition of Ignatova to the FBI’s Ten Most Wanted Fugitives list.
There will be a press conference today at 11am at 26 Federal Plaza to announce the addition of Ruja Ignatova, a.k.a. ‘Cryptoqueen’, to the FBI’s Ten Most Wanted Fugitives list for allegedly defrauding investors of more than $4 billion through the OneCoin cryptocurrency company
— US Attorney SDNY (@SDNYnews) June 30, 2022
OneCoin is the biggest cryptocurrency pyramid scheme ever. It was founded in 2014 in Bulgaria. Ignatova, the founder of the fraud disappeared in 2017 after raising $4 bln.
The scheme claimed that it worked like any other crypto project. Coins were supposed to be mined and be used for payments. There even was an electronic wallet. In reality however, the OneCoin blockchain model didn't exist.
In January 2017, the OneCoin exchange, where users would be able to convert their coins into other cryptos, was closed. Most withdrawal requests were denied.