Involving $4 billion, OneCoin official website shut down today

According to BlockBeats, a few months after the US authorities sued the founder of OneCoin for fraud, the official website of the cryptocurrency pyramid scam OneCoin has finally ceased operations. OneCoin has been operating for many years and has been involved in global fraud of up to $4 billion.

OneCoin reportedly drew suspicion as early as 2015 and was warned by governments around the world. Ignatova, its co-founder, is currently on the run, while her brother, co-founder Konstantin Igantov, recently pleaded guilty to charges including money laundering and fraud and faces up to 90 years in prison.

Introduction to the OneCoin Ponzi Scheme: https://www.theblockbeats.com/news/1553

Original address: https://cointelegraph.com/news/onecoin-website-goes-offline-as-net-closes-in-on-4b-ponzi-scheme