OneCoin places of work had been attacked and its servers seized in Sofia, Bulgaria, 17 and January 18, a brand new level of a chain of global raids and trials towards the very arguable altcoin. Despite the fact that the servers were close down, OneCoin stays operational.
The raid came about on the request of the prosecutor’s place of business in Bielefeld, Germany, and used to be performed by way of representatives of the Bulgarian police and the Ecu Union. anti-crime gadgets. The founding father of OneCoin, Ruja Ignatova, used to be born in Bulgaria however has German citizenship
OneCoin, which stands as a centralized type [that] protects the protection of its contributors and guarantees compliance with the LMA [anti-money laundering] “does no longer have compatibility the definition of a cryptocurrency as a result of it isn’t decentralized, does no longer paintings on open-source tool, and has no public check in.
Paperwork and servers had been seized “One Community Products and services” EOOD, a Bulgarian corporate performing as consultant and distributor of OneCoin, at the side of 14 different corporations 50 witnesses had been interviewed all through the raid, however no arrests haven’t begun been made.
The corporate is formally registered within the United Arab Emirates beneath the title “OneCoin Ltd.”, however in step with the Bulgarian police file, the corporate operates thru
“Masses of affiliated corporations on four continents […] [which] are studied in England, Eire, Italy, USA, Canada, Ukraine, Lithuania, Latvia, Estonia and lots of others
A consultant of OneCoin confronted fraud fees in Kazakhstan in Might 2017 and in India, police arrested 23 other folks associated with the OneCoin pyramid scheme in July 2017.
Extra lately, in August 2017, the Italian Antitrust and Shopper Coverage Authority (AGCM) certified OneCoin a Ponzi scheme and fined them 2.five million euros, the primary monetary high-quality of the corporate.
a Ponzi scheme, caution readers to stick out of the cash.