Latest news about onecoin
OneCoin is a cryptocurrency that was launched in 2014 and was marketed as a rival to Bitcoin. However, it has been the subject of controversy and legal issues due to its alleged Ponzi scheme nature.
Here are some of the latest news and updates about OneCoin:
- OneCoin's founder, Ruja Ignatova, is still at large: Ruja Ignatova, the founder of OneCoin, disappeared in 2017 and is still at large. She is wanted by Interpol and is believed to be hiding in Eastern Europe.
- OneCoin's Ponzi scheme allegations: OneCoin has been accused of being a Ponzi scheme, where early investors were paid returns with money from new investors, rather than from any actual profits. This has led to many investors losing their money.
- OneCoin's cryptocurrency is worthless: Despite being marketed as a cryptocurrency, OneCoin's token is not recognized as a legitimate cryptocurrency by any major exchanges or regulatory bodies. Its value is essentially worthless.
- OneCoin's legal troubles: OneCoin has been the subject of numerous legal actions, including lawsuits and criminal investigations. In 2017, the US Securities and Exchange Commission (SEC) charged OneCoin with operating a fraudulent scheme.
- OneCoin's collapse: In 2017, OneCoin's parent company, OneLife Network, filed for bankruptcy. The company's assets were frozen, and many investors lost their money.
- OneCoin's remaining assets are being sold: In 2020, the remaining assets of OneCoin were put up for sale. The sale included the company's domain names, intellectual property, and other assets.
- OneCoin's legacy: OneCoin's collapse has had a lasting impact on the cryptocurrency industry. It has led to increased scrutiny of initial coin offerings (ICOs) and has made it more difficult for new cryptocurrencies to gain traction.
It's worth noting that OneCoin is not a legitimate cryptocurrency and should not be considered as a viable investment opportunity.