She is referred to as the “Cryptoqueen” as a result of she conned billions of bucks the usage of a cryptocurrency that had no exact worth sooner than it vanished.

The Federal Bureau of Investigation has now positioned her on its record of the ten most-wanted criminals.

Ruja Ignatova, at the run since 2017, is suspected of orchestrating an infinite Ponzi rip-off using OneCoin, a cryptocurrency.

The FBI claims that Cryptoqueen misled traders of over $4 billion thru OneCoin, a cryptocurrency startup she co-founded in 2014.

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FBI Dangles $100,000 For The Cryptoqueen’s Arrest

On most sensible of striking Cryptoqueen, age 42, on its most-wanted record, the FBI is providing a $100,000 bounty for info resulting in her seize.

The pyramid scheme touted Onecoin, which Ignatova and her industry spouse claimed can be a “Bitcoin Killer,” as a blockchain undertaking with a local cryptocurrency, even supposing there used to be no blockchain and no exact crypto asset pegged to it.

Consistent with the FBI, Ignatova leveraged the fervor surrounding cryptocurrencies to lure unsuspecting folks who didn’t utterly comprehend how cryptocurrencies functioned.

Symbol: Finance Magnates

Federal prosecutors assert that OneCoin used to be a Ponzi rip-off masquerading as a virtual asset.

Damian Williams, Big apple’s senior federal prosecutor, used to be quoted by way of BBC as pronouncing Cryptoqueen exactly timed her operation to capitalize at the “frenzied hypothesis of the early days of cryptocurrencies.”

The Cryptoqueen And Her Bogus Virtual Forex

Ignatova, a Bulgarian legal professional, is accused of constructing fraudulent statements and representations to traders, directing them to pay twine transfers to OneCoin so as to achieve the token’s teaching programs.

In March 2019, Big apple U.S. Legal professional Geoffrey S. Berman charged the leaders of OneCoin with the next:

“They promised giant returns and minimum chance however, as alleged, this industry used to be a pyramid scheme … Traders had been victimized whilst the defendants were given wealthy.”

“She’s were given a variety of cash and he or she hit the street beautiful fast,” ABC Information quoted FBI Assistant Director Michael Driscoll as pronouncing all the way through a information briefing Thursday.

BTC overall marketplace cap at $369 billion at the day by day chart | Supply: TradingView.com

Sumptuous Way of life And Armed Bodyguards

In November of remaining 12 months, an ordeal in opposition to Ignatova’s German legal professional, Martin Breidenbach, published that the Cryptoqueen allegedly maintained a sumptuous existence and acquired a $18 million London penthouse sooner than disappearing.

The Ecu Union Company for Regulation Enforcement Cooperation, Europol, positioned her to Europe’s Maximum Sought after record in mid-Would possibly of this 12 months.

The Cryptoqueen used to be characterised as having “brown eyes and darkish brown to black hair,” consistent with the FBI, alternatively she can have altered her look. Moreover, the FBI mentioned she could also be touring with armed coverage.

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Featured symbol from The Telegraph, chart from TradingView.com

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