OneCoin Website Goes Offline as Web Surrounds $4B Ponzi Plan

A domain registry claims the recurring legal examination into OneCoin forced it to freeze its site, years after critics first charged the fraud’s operators of fraud.


OneCoin Internet Site Goes Offline as Web Closes in on $4B Ponzi SchemeNEWS
The web site for cryptocurrency Ponzi plan OneCoin has actually finally ceased operating, months after USA authorities indicted among its creators for scams.

As NETWORK MARKETING scam surveillance source BehindMLM.com kept in mind on Dec. 1, OneCoin.eu no longer returned a real-time outcome as of Nov. 30.

” Lawful examination” offlines OneCoin.eu
Upon examination, a representative from EurID, the domain name’s computer registry, validated to the publication that the website was offline because of the criminal procedures versus OneCoin.

” The domain name is under legal examination. Please better examine our WHOIS for the status of the domain name,” a written reaction reviews.

The occasion marks the latest in a series of revelations in the takedown of OneCoin, which operated for several years and defrauded capitalists of around $4 billion.

As Cointelegraph reported, the legal case last month closed in on a lawyer associated with founder Ruja Ignatova, who prosecutors insurance claim is in charge of helping her wash proceeds worth $400 million.

Frauds stay Bitcoin buzzword
OneCoin first attracted suspicion as far back as 2015, when Cointelegraph released a subject on the back of study from BehindMLM.

In the occurring years, successive federal governments worldwide issued cautions regarding the system’s procedures, which guaranteed big returns for comparatively tiny investments.

Ignatova is currently on the run, while her sibling, fellow founder Konstantin Igantov, recently begged guilty to fees consisting of cash laundering and also scams, as well as faces up to 90 years in prison.

Dispute continues to swell around one more cryptocurrency task this month. The creator of altcoin HEX, Richard Hart, attracted extensive allegations of bad deed after making different promises consisting of free tokens to Bitcoin (BTC) holders.