OneCoin Web site Goes Offline as Internet Closes in on $4B Ponzi Scheme

OneCoin Web site Goes Offline as Internet Closes in on $4B Ponzi Scheme

AltCoin
December 3, 2019 by The Btc News
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The web site for cryptocurrency Ponzi scheme OneCoin has lastly ceased working, months after United States authorities indicted considered one of its founders for fraud. As MLM rip-off monitoring useful resource BehindMLM.com famous on Dec. 1, OneCoin.eu not returned a reside consequence as of Nov. 30.  “Authorized investigation” offlines OneCoin.eu Upon investigation, a consultant from
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The web site for cryptocurrency Ponzi scheme OneCoin has lastly ceased working, months after United States authorities indicted considered one of its founders for fraud.

As MLM rip-off monitoring useful resource BehindMLM.com famous on Dec. 1, OneCoin.eu not returned a reside consequence as of Nov. 30. 

“Authorized investigation” offlines OneCoin.eu

Upon investigation, a consultant from EurID, the area’s registry, confirmed to the publication that the web site was offline because of the prison proceedings in opposition to OneCoin.

“The area title is beneath authorized investigation. Please additional examine our WHOIS for the standing of the area title,” a written response reads.

The occasion marks the most recent in a sequence of revelations within the takedown of OneCoin, which operated for years and defrauded traders of round $four billion. 

As Cointelegraph reported, the authorized case final month closed in on a lawyer related to co-founder Ruja Ignatova, who prosecutors declare is chargeable for serving to her launder proceeds value $400 million.

Scams stay Bitcoin buzzword

OneCoin first attracted suspicion way back to 2015, when Cointelegraph launched an expose on the again of analysis from BehindMLM. 

Within the ensuing years, successive governments worldwide issued warnings concerning the scheme’s operations, which promised big returns for comparatively tiny investments.

Ignatova is presently on the run, whereas her brother, fellow co-founder Konstantin Igantov, lately pled responsible to costs together with cash laundering and fraud, and faces as much as 90 years in jail.

Controversy continues to swell round one other cryptocurrency undertaking this month. The creator of altcoin HEX, Richard Hart, attracted widespread accusations of foul play after making numerous guarantees together with free tokens to Bitcoin (BTC) holders.

HEX describes itself as “the primary excessive curiosity paying Blockchain.”





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