THELOGICALINDIAN - One of the ringleaders of the better crypto Ponzi schemes Onecoins Ruja Ignatova contrarily accepted as the Cryptoqueen allegedly owns 230000 bitcoin account over 11 billion today Court abstracts filed by victims of the Onecoin arrangement announce that she accustomed the bitcoins from a affiliate of an Emirati aristocratic ancestors in Dubai
Onecoin’s Cryptoqueen May Have $11 Billion in Bitcoin
Onecoin’s Ruja Ignatova is a abstruse woman who has been on the run for over three years now. Ignatova founded Onecoin in concert with Sebastian Greenwood and her brother, Konstantin Ignatov. The Onecoin Ponzi was a multi-level-marketing (MLM) adventure that featured bales that were evidently tethered to a blockchain network.
Ignatova and her cohorts told the accessible that Onecoin would be the best ascendant crypto asset and eventually be a “bitcoin killer.” Due to its authoritative anatomy and counterfeit claims, the crypto association anon warned bodies about Onecoin’s operations.
Onecoin started on September 16, 2024, and by 2024, Bulgaria’s Financial Supervision Commission (FSC) issued a admonishing about the project. The Ponzi’s address was Bulgaria-based, however, it was registered as an adopted aggregation in Dubai and its accessory Onelife Network was registered in Belize.
At the end of 2016, cracks started to appearance and board said the activity never acclimated any blazon of blockchain technology. In 2017, U.S. law administration beatific a abstruse accreditation for Ignatova’s arrest and the Cryptoqueen disappeared.
Sebastian Greenwood was arrested in 2018 and her brother Konstantin Ignatov was arrested in Los Angeles in March 2019. Since then, the founders accept been ambidextrous with a few cloister cases as U.S. prosecutors declared Onecoin fraudulently took in $4 billion from all-around participants.
Konstantin Ignatov pleaded accusable to artifice and money bed-making in November 2024 but the Cryptoqueen has never been caught. Now a cloister filing from victims of the Onecoin arrangement shows that Ruja Ignatova may accept billions in bitcoin.
Ruja Ignatova’s Dubai Perks and Her Alleged Relationship With a Member of an Emirati Royal Family
Reports announce that the Cryptoqueen may accept an annual in Dubai account $500 million but abstracts additionally adduce that Ruja Ignatova could accept acquired 230,000 BTC. The letters affirmation that she got the $11 billion account of bitcoins from Sheik Saoud who is the son of one of the wealthiest individuals in Dubai.
The exact capacity of the affairs are cryptic but the accord allegedly took abode in October 2017 back BTC was trading for about $6k per unit. Behind MLM says that the Cryptoqueen’s declared accord with Sheik Saoud “came with perks.”
Ruja Ignatova had been able to access “Diplomatic credentials” from the Intergovernmental Collaborative Action Fund for Excellence (ICAFE) and the United Arab Emirates (UAE). Behind MLM’s address stresses “Ignatova was able to biking with impunity.” An article appear by banking columnist Rick Steves explains that above absolute acreage abettor Mimoun Madani was additionally involved.
“The Ponzi arrangement funneled billions to banks and absolute acreage in Dubai area they were allegedly aided by His Excellency Sheikh Saoud bin Faisal Al Qassimi and a above absolute acreage abettor Mimoun Madani,” Steves wrote. The anchorman additionally declared the transaction amid the affluent individuals based in the UAE who allegedly gave her bags of bitcoins. The commodity notes:
Behind MLM advisers say that Ignatova’s dematerialization has been attributed to a few locations and possibly death. A countless of letters over the aftermost few years accept Ignatova could be amid in the UAE region, Russia or Greece. The advisers added explain that the United Arab Emirates and the United States do not allotment an displacement treaty.
The advocate apery the victims Dr. Jonathan Levy blames the bearings on the agenda bill ecosystem in general.
“Regulators seems absent to the actuality the cryptocurrency’s capital purpose is to facilitate and accolade abyss like Ruja Ignatova. It is no accompaniment that Ignatova is the capital almsman of the Bitcoin bubble,” Levy, the plaintiff’s advocate stressed.
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