US Raises Reward To $5 Million For OneCoin Mastermind

The elusive “Crypto Queen” Ruja Ignatova, mastermind behind the notorious OneCoin rip-off, stays a thorn within the aspect of legislation enforcement regardless of a major bump within the reward for her seize. The US State Division upped the ante to a staggering $5 million this week, the newest transfer in a years-long chase that has captivated the world of cryptocurrency.

Ghost Of The Crypto Queen

Ignatova, as soon as dubbed the Crypto Queen for her flamboyant persona and guarantees of revolutionary digital foreign money, vanished in 2017 shortly earlier than being indicted for fraud. OneCoin, the challenge she co-founded, promised traders unimaginable returns on a supposedly groundbreaking cryptocurrency. Nevertheless, authorities allege it was nothing greater than a meticulously crafted Ponzi scheme that swindled billions from unsuspecting victims across the globe.

Web Closes On OneCoin Operatives

Whereas Ignatova has managed to remain one step forward of the legislation, an internet of her associates haven’t been so fortunate. Her co-founder, Karl Sebastian Greenwood, is at present serving a 20-year sentence after extradition from Thailand.

Even Ignatova’s personal brother, Konstantin, confronted jail time after pleading responsible to cash laundering and fraud expenses. OneCoin’s former head of compliance, Irina Dilkinska, additionally lately joined the rising record of convicted OneCoin operatives.

Complete crypto market cap at $2.2 trillion on the every day chart: TradingView.com

The Crypto Queen’s Disappearance: A Mob Thriller?

Ignatova’s escape from seize has fueled hypothesis and conspiracy theories. The FBI believes she may need undergone cosmetic surgery to change her look and could also be utilizing a German passport. Some investigators have even ventured into the darkish underbelly of organized crime, suggesting Ignatova could have met a grisly finish by the hands of a Bulgarian crime lord with whom she was allegedly affiliated.

The Hunt Heats Up

The hefty reward signifies a renewed push by authorities to deliver Ignatova to justice. The FBI is urging anybody with data to return ahead, with the promise of anonymity if crucial. Social media has turn into a battleground as properly, with devoted channels disseminating details about Ignatova and the OneCoin rip-off within the hopes of producing leads.

Past The Reward: A Battle For Justice

The seize of Ignatova transcends the promise of a hefty reward. It represents an opportunity for closure for the numerous victims who misplaced their life financial savings within the OneCoin scheme. Bringing Ignatova to justice would additionally function a stark warning to those that search to take advantage of the burgeoning world of cryptocurrency.

The Crypto Queen could also be a ghost for now, however with a web tightening round her and a record-breaking reward on the desk, her days as a fugitive could also be numbered. Legislation enforcement is set to make her pay for the path of devastation she left behind.

Featured picture from Wikidata, chart from TradingView