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HomeBusinessCrypto Scammer Ruja Ignatova Joins Europe's Most Wanted List - News

Crypto Scammer Ruja Ignatova Joins Europe’s Most Wanted List – News

Ruja Ignatova, who runs a Ponzi scheme under the guise of cryptocurrency, has been included in the most wanted list of criminals in Europe. Ignatova used to call herself ‘Cryptocoin’ and started OneCoin. Ignatova is accused of defrauding investors to the tune of $5 billion.

OneCoin was launched about eight years ago. Ignatova had claimed that it would surpass bitcoin. Through this, Ignatova raised funds from investors in about 175 countries. She fled to Athens, Greece after OneCoin was exposed to be a complete scam. Ignatova has not been seen since. Europol, the European Union’s Agency for Cooperation in Law Enforcement, has announced a reward of 5,000 euros for providing information to aid in the arrest of Ignatova.

Ignatova’s OneCoin was like a financial Ponzi scheme. Its members were asked to sell educational cryptocurrency trading packages. New members were given a commission on selling these packages. Despite many warning signs associated with it, many people had invested in it. OneCoin has no real blockchain Wasn’t. The number of members of this scheme had reached 30 lakhs. Prosecutors in New York in the US filed a case against key people associated with OneCoin on charges of fraud and money laundering. The accused in this case included Ignatova, her brother Konstantin Ignatov and Mark Scott. Konstantin was arrested three years ago. Scott was also arrested a few months before this. However, no clues have been found about Ignatova.

Recently, New York Senator Kevin Thomas in the US crypto It was proposed to make the scams related to He introduced an amended bill that calls for severe punishment for those who misuse cryptocurrencies and harm investors. Apart from this, there is a proposal to consider hackers targeting crypto developers as criminals. Many activities have been included in this bill for which punishment can be given. These include virtual token fraud, private key fraud and rag pull scam.

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