Former Cryptocurrency Queen Ruja Ignatova on Europe’s Most Wanted List

OneCoin CEO Ruja Ignatova is on Europol’s most wanted list. One of the biggest cryptocurrency scams has yet to reveal all of its secrets.

You may remember OneCoin, one of the biggest scams in the crypto industry today, which exploded in front of numerous investors five years ago. Today, a new chapter has been added to this still unsolved mystery. Europol, the European criminal police agency that facilitates intelligence sharing between national police forces, is offering a €5,000 reward to anyone who helps arrest Ruja Ignatova, its former CEO.

OneCoin CEO Ruja Ignatova is on Europol’s most wanted list

Ruja Ignatova disappeared from the radar in the fall of 2017 after running this massive Ponzi scheme for years. A doctor of laws from Germany, she was in charge of OneCoin, a company that illegally earned more than 10 billion euros. She disappeared in October 2017 after failing to attend an investor meeting. According to some reports, she may have been hiding in Germany, the country where she grew up with her brother, or in the Mediterranean, where she was last seen.

One of the biggest crypto scammers has yet to reveal all of its secrets

OneCoin was one of the largest cryptocurrencies in terms of capitalization, many investors dreamed of getting rich on it, but as soon as the truth was revealed, a huge disaster was revealed. Touted as a “bitcoin killer,” OneCoin was a cryptocurrency that was due to be minted soon, but its investors had no way to resell it. Instead, they bought tokens and some cryptographic formations, widely copied here and there, that seemed to have value, but which, after all, could never be sold on the markets.

Ruja Ignatova came up with this system after failing to do the same before OneCoin. Together with their brother Konstantin Ignatov and Sebastian Greenwood, another notorious crypto scammer, the trio ran this massive operation from Bulgaria before becoming popular all over the world. At one point, Ruja Ignatova even hosted an event at London’s Wembley Stadium in front of 60,000 people. His brother was detained in Los Angeles in 2019 on charges of financial crimes, as was Sebastian Greenwood, who is awaiting trial in an American prison.