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2019’s juiciest crypto drama: The saga of OneCoin’s $4B ‘cryptocurrency’ scam


As far as cryptocurrency scams go, OneCoin is probably the one that rules them all. US prosecutors have alleged that the Ponzi scheme raked in approximately $4 billion, defrauding investors from all over the globe. In China alone, law enforcement agents recovered 1.7 billion yuan (US$267.5 million) and prosecuted 98 people. Dr Ruja Ignatova, the scam’s spearhead, has been missing since 2017. Sebastian Greenwood, her co-founder, was extradited from Thailand to the US following an operation involving the FBI in November 2018. Hardly a week goes by without a new piece of information emerging about this wide-reaching scam, so here’s everything…

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