Samoa's Central Bank Investigates OneCoin Investment Scheme
The Central Bank of Samoa is investigating the OneCoin crypto investment scheme and has issued a warning about the business to investors.
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Apr 9, 2018 at 5:00 p.m. UTC
Apr 9, 2018
OneCoin
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OneCoin was a digital currency scheme widely recognized as a fraudulent Ponzi scheme. Founded by Ruja Ignatova in 2014, it was marketed as a cryptocurrency, but in reality, lacked the fundamental blockchain technology characteristic of genuine cryptocurrencies. Instead of functioning as a decentralized ledger, OneCoin's transactions and coin creation were internally managed and opaque. The scheme promised significant returns and incentivized existing investors to recruit new participants. It garnered billions worldwide before authorities exposed its operations. The OneCoin scandal highlighted the risks of emerging digital currencies and the importance of thorough due diligence in the cryptocurrency sector.
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China Moves to Crack Down on Digital Currency Pyramid Schemes
China's public security ministry says it will take aim at pyramid schemes in the country, including those that purportedly involve cryptocurrencies.
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Jan 22, 2018 at 5:00 p.m. UTC
Jan 22, 2018
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Bulgaria Joins 'International Operation' Against OneCoin
Bulgaria's government has revealed it is part of an international crackdown of OneCoin.
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Jan 19, 2018 at 6:15 p.m. UTC
Jan 19, 2018
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OneCoin Promoter Targeted By Finnish Police in Ongoing Investigation
Police in Finland have moved into a new stage in their ongoing investigation into to the OneCoin cryptocurrency scheme.
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Oct 4, 2017 at 4:15 p.m. UTC
Oct 4, 2017
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Luxembourg Regulators Issue Investor Warning Against OneCoin Scheme
Regulators in Luxembourg have released a warning about OneCoin, becoming the latest country to air concerns over the investment scheme.
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Aug 29, 2017 at 10:00 a.m. UTC
Aug 29, 2017
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Finnish Police Launch OneCoin Investigation Amid Global Crackdown
Finnish police have become the latest international law enforcement agency to take a growing interest in the OneCoin digital currency scheme.
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Aug 24, 2017 at 10:00 a.m. UTC
Aug 24, 2017
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OneCoin Promoters Fined €2.6 Million by Italian Consumer Watchdog
A consumer rights watchdog in Italy is fining a group of companies that have promoted OneCoin.
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Aug 14, 2017 at 8:40 p.m. UTC
Aug 14, 2017
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Austria's Financial Regulator Warns Onecoin Operating Without License
Yet another national financial regulator is pursuing action against onecoin, an alleged cryptocurrency investment scheme.
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Jul 12, 2017 at 9:30 p.m. UTC
Jul 12, 2017
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Indian Police Prepare Charges Against OneCoin Founder Ruja Ignatova
Authorities in India have prepared charges against Ruja Ignatova, founder of the suspected fraudulent investment scheme, OneCoin.
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Jul 11, 2017 at 10:00 p.m. UTC
Jul 11, 2017
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OneCoin 'License' is a Fake, Says Vietnamese Government
OneCoin doesn't have a license to operate in Vietnam despite claims to the contrary, the government said this week.
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Jun 23, 2017 at 7:25 p.m. UTC
Jun 23, 2017