Law enforcement agencies worldwide have initiated a coordinated effort to seize assets connected to Ruja Ignatova, the elusive founder of OneCoin, and her associates.
Dubbed the ‘Cryptoqueen,’ Ignatova vanished in 2017 amid allegations of operating a $4 billion Ponzi scheme. OneCoin, the cryptocurrency at the heart of the scam, has been labeled a pyramid scheme by regulatory bodies.
This latest crackdown involves freezing bank accounts, seizing real estate, and confiscating other valuables linked to Ignatova and her network. Authorities believe these assets were acquired through fraudulent activities.
The operation underscores the global commitment to combating financial crime and protecting investors. As the investigation deepens, more arrests and asset seizures are expected.
The coordinated effort among law enforcement agencies highlights the increasing cooperation in the fight against cryptocurrency-related fraud.
