OneCoin Web Site Goes Offline as Net Surrounds $4B Ponzi System

A domain pc registry claims the recurring lawful investigation right into OneCoin forced it to freeze its internet site, years after critics first accused the scam’s drivers of fraud.


OneCoin Site Goes Offline as Net Surrounds $4B Ponzi SchemeNEWS
The internet site for cryptocurrency Ponzi scheme OneCoin has lastly stopped operating, months after United States authorities fingered among its owners for scams.

As ONLINE MARKETING fraud tracking source BehindMLM.com kept in mind on Dec. 1, OneCoin.eu no more returned a real-time outcome since Nov. 30.

” Lawful examination” offlines OneCoin.eu
Upon examination, a rep from EurID, the domain name’s computer system registry, validated to the publication that the website was offline due to the criminal process against OneCoin.

” The domain is under legal investigation. Please even more inspect our WHOIS for the condition of the domain,” a written action reads.

The occasion marks the most up to date in a series of discoveries in the takedown of OneCoin, which ran for many years as well as defrauded capitalists of around $4 billion.

As Cointelegraph reported, the legal case last month surrounded an attorney related to co-founder Ruja Ignatova, who district attorneys insurance claim is responsible for assisting her wash profits worth $400 million.

Scams stay Bitcoin buzzword
OneCoin first brought in suspicion as far back as 2015, when Cointelegraph released a subject on the back of research from BehindMLM.

In the ensuing years, successive federal governments worldwide released cautions about the system’s operations, which promised massive returns for relatively little investments.

Ignatova is presently on the run, while her brother, fellow co-founder Konstantin Igantov, recently begged guilty to charges consisting of money laundering as well as fraudulence, and also faces up to 90 years in prison.

Conflict remains to swell around one more cryptocurrency task this month. The designer of altcoin HEX, Richard Hart, attracted extensive accusations of foul play after making different pledges including cost-free tokens to Bitcoin (BTC) holders.