The Federal Bureau of Investigation is including Ruja Ignatova — the girl often called the “Crypto Queen” — to its record of 10 most wished fugitives.
What Occurred: There shall be a press convention at present at 11 a.m. at 26 Federal Plaza to announce the addition of Ruja Ignatova, a.okay.a. “Cryptoqueen,” to the FBI’s Ten Most Wished Fugitives record for allegedly defrauding traders of greater than $4 billion by the OneCoin cryptocurrency firm
— US Lawyer SDNY (@SDNYnews) June 30, 2022
Ignatova’s addition to the High 10 Most Wished record is available in mild of her function in defrauding traders of greater than $4 billion within the OneCoin crypto Ponzi scheme.
The Background: OneCoin was created in 2014 with Ignatova on the helm, promising traders that the OneCoin token could possibly be mined and bought for worth. The tokens have been solely tradable on OneCoin’s change xcoinx.
In 2016, the corporate introduced it was closing for 2 weeks of “mandatory upkeep” as a consequence of a excessive variety of OneCoin miners, however reopened with none important adjustments. In January 2017, the change shut down abruptly with none discover.
It was later revealed that OneCoin didn’t exist on the blockchain and the staff manipulated its worth by producing new tokens. A category motion lawsuit was filed by traders in 2019 in opposition to the staff behind the crypto rip-off.
Ignatova has reportedly been on the run since 2017 and her whereabouts at present stays unknown. She can be on Europe’s Most Wished record, with Europol providing a $5,000 reward for data resulting in her arrest.
BTC Worth Motion: The crypto market was buying and selling decrease on the time of writing, in line with knowledge from Benzinga Pro. Bitcoin BTC/USD was buying and selling at $18,871, down 6.97% over the past 24 hours.