Onecoin latest news 2018
OneCoin is a cryptocurrency that was launched in 2014 and was marketed as a Ponzi scheme. The company behind OneCoin, OneLife Network, was shut down by authorities in 2017. Here are some of the latest news updates on OneCoin from 2018:
- OneCoin's founder, Ruja Ignatova, is wanted by Interpol: In January 2018, Interpol issued a red notice for Ruja Ignatova, the founder of OneCoin, who is accused of running a massive Ponzi scheme. Ignatova is believed to be hiding in Germany or Bulgaria.
- OneLife Network is shut down: In February 2018, the Bulgarian authorities shut down OneLife Network, the company behind OneCoin, and froze its assets. The company was accused of running a pyramid scheme and defrauding thousands of investors.
- OneCoin's assets are seized: In March 2018, the Bulgarian authorities seized OneCoin's assets, including its headquarters and bank accounts. The company's assets were valued at over €1 billion.
- OneCoin's investors lose millions: In April 2018, it was reported that OneCoin's investors had lost millions of dollars. The company's Ponzi scheme had attracted over 3 million investors worldwide, who had invested a total of over $3.7 billion.
- OneCoin's co-founder, Konstantin Ignatov, is arrested: In March 2018, Konstantin Ignatov, the co-founder of OneCoin and Ruja Ignatova's brother, was arrested in Los Angeles. He was accused of being involved in the company's Ponzi scheme and was extradited to Bulgaria.
- OneCoin's lawyer, Mark Scott, is arrested: In May 2018, Mark Scott, a lawyer who represented OneCoin, was arrested in the United States. He was accused of laundering millions of dollars in proceeds from the company's Ponzi scheme.
- OneCoin's case is sent to the Bulgarian Supreme Court: In June 2018, the Bulgarian prosecutor's office sent the OneCoin case to the Bulgarian Supreme Court. The court was asked to decide whether the company's activities constituted a criminal offense.
- OneCoin's investors are left with nothing: In July 2018, it was reported that OneCoin's investors were left with nothing after the company's assets were seized and its activities were shut down. Many investors had lost their life savings in the Ponzi scheme.
Overall, 2018 was a tumultuous year for OneCoin, with the company's assets being seized, its founders and executives being arrested, and its investors losing millions of dollars.