Home Alt Coins OneCoin Website Shuts Down, Scheme Still Operational

OneCoin Website Shuts Down, Scheme Still Operational

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The OneCoin web site is lastly down – additional unraveling one of many largest Ponzi schemes within the crypto house. The portal that supplied “educational packages” was a remnant of the scheme, and remains to be carrying consumer balances.

OneCoin Site Carried Data About User Investments

The OneCoin.EU web site is now down, and the DNS report is underneath investigation for additional leads into the OneCoin rip-off. The website continued storing OneCoin balances, even probably facilitating OTC trades.

The website went down only a few days after experiences of a nondescript van and staff clearing off the ultimate particles from the OneCoin offices in Sofia. In the meantime, Dr. Ruja Ignatova, the mastermind behind the scheme, remains to be at giant.

But the scheme additionally refuses to die, cropping up repeatedly in numerous disguises. The OneLife.eu website remains to be up, and could also be serving the operate of continuous the OneCoin buying and selling, even discovering new entrants.

The OneWorldFoundation.eu website can be unreachable, in addition to the OneWorldAcademy.eu.

The DNS website information give hints that the sources on the OneCoin.eu are underneath investigation. The EurID DNS service claimed the location is underneath “legal investigation”, with out additional particulars on the entities or companies concerned.

If scrutinized, the location information might give a glimpse of the variety of entrants, balances, and presumably transfers. The OneCoin asset doesn’t have a public blockchain or a public report. The investigation might give extra perception, and add to the continued investigations in Germany, Austria, Finland, and Hungary, amongst others.

Konstantin Ignatov Faces Long Sentence

Meanwhile, Konstantin Ignatov, Ruja’s brother, reached a plea cope with the US Department of Justice, and faces a 90-year jail sentence. At the identical time, different leaders and teams associated to the scheme appear to stay lively.

OneCoin managed to siphon off as much as $four billion, laundering lots of of tens of millions by attorneys and offshore accounts. The pyramid appeared through the early years of Bitcoin hype, and its dimension surpassed that of BitConnect. OneCoin is completely different, because it managed to run in a number of nations, regardless of investigations and authorized crackdowns. The rip-off was reaching out on to potential consumers, from Finland to Nigeria.

And whereas OneCoin was recognized within the crypto house, most precise BTC house owners and coin supporters have been conscious of the rip-off. The wider public, nonetheless, appeared to just accept OneCoin, and Dr. Ruja Ignatova minimize a outstanding persona amongst native celebrities in Sofia, Bulgaria.

The OneCoin places of work on Rakovska road have been raided in January 2018, lingering as a remnant of the pyramid’s shiny public profile.

What do you concentrate on the closing of the OneCoin.eu website? Share your ideas within the feedback part beneath!

Images by way of Shutterstock, Twitter @svrakata

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