OneCoin: The Most Notorious Crypto Scam in Crypto Space, Engineered by a Woman
Most of us don't know about this ponzi scheme called OneCoin. OneCoin was a cryptocurrency-based Ponzi scheme that operated from 2014 to 2017. This was a period when many people didn't know what crypto was.
Then a popular Ponzi scheme called "Onecoin" was created by Bulgarian businesswoman, Ruja Ignatova. She claimed that OneCoin is a legitimate digital currency like Bitcoin that will revolutionise our financial system.
This ponzi scheme was packaged and sold with fake promises that it would overthrow bitcoin until 2017, when it was exposed. Before it collapsed In 2017 and founder disappeared, they have already amassed over $4 billion in investors funds.
Ruja Ignatiova's disappearance earned her a top spot on the FBI's most wanted list.