FBI Nabs OneCoin Ringleader at LAX as Massive Crypto Scam Unravels

On March 6th, the US Federal Bureau of Investigation (FBI) arrested OneCoin ringleader Konstantin Ignatov at Los Angeles International Airport (LAX). The government alleges that he was one of several masterminds behind the multi-billion dollar crypto pyramid scheme. OneCoin has faced fines and criminal actions around the world – particularly in India, where 22 promoters have already been charged. China has also levied charges against promoters of OneCoin, while several central banks have issued warnings. OneCoin claimed to be a revolutionary cryptocurrency. Instead, according to one researcher, it used a simple SQL database rather than a true blockchain. OneCoin’s only

The post FBI Nabs OneCoin Ringleader at LAX as Massive Crypto Scam Unravels appeared first on CCN

News – CCN

PSA:A company called OneCoin compares itself to bitcoin just launched its market platform. It has >2 million users (so they say). It is a ponzi so warn your friends against it!

We all know how scamcoins tarnish reputation of real cryptocurrency. They just launched a ""marketplace"" called dealshaker.com . All their promotions include "Look these people made millions with bitcoin, but bitcoin is too costly, buy Onecoin now". Warn your friends!

submitted by /u/loremusipsumus
[link] [comments]
Bitcoin