Lawsuit Claims Onecoin’s ‘Cryptoqueen’ Ruja Ignatova Holds 230,000 Bitcoin – Bitcoin News

One of the ringleaders of the largest crypto Ponzi schemes, Onecoin’s Ruja Ignatova, otherwise known as the “Cryptoqueen,” allegedly owns 230,000 bitcoin worth over $11 billion today. Court documents filed by victims of the Onecoin scheme indicate that she received the bitcoins from a member of an Emirati royal family in Dubai.

Onecoin’s Cryptoqueen May Have $11 Billion in Bitcoin

Onecoin’s Ruja Ignatova is a mysterious woman who has been on the run for over three years now. Ignatova founded Onecoin in concert with Sebastian Greenwood and her brother, Konstantin Ignatov. The Onecoin Ponzi was a multi-level-marketing (MLM) venture that featured packages that were ostensibly tethered to a blockchain network.

Ignatova and her cohorts told the public that Onecoin would be the most dominant crypto asset and eventually be a “bitcoin killer.” Due to its organizational structure and fraudulent claims, the crypto community immediately warned people about Onecoin’s operations.

Lawsuit Claims Onecoin's 'Cryptoqueen' Ruja Ignatova Holds 230,000 Bitcoin
Onecoin’s Ruja Ignatova, otherwise known as the missing ‘Cryptoqueen.’

Onecoin started on September 16, 2014, and by 2015, Bulgaria’s Financial Supervision Commission (FSC) issued a warning about the project. The Ponzi’s headquarters was Bulgaria-based, however, it was registered as an offshore company in Dubai and its subsidiary Onelife Network was registered in Belize.

At the end of 2016, cracks started to show and investigators said the project never used any type of blockchain technology. In 2017, U.S. law enforcement sent a secret warrant for Ignatova’s arrest and the Cryptoqueen disappeared.

Lawsuit Claims Onecoin's 'Cryptoqueen' Ruja Ignatova Holds 230,000 Bitcoin
Onecoin’s Ruja Ignatova and fellow cofounder Sebastian Greenwood.

Sebastian Greenwood was arrested in 2018 and her brother Konstantin Ignatov was arrested in Los Angeles in March 2019. Since then, the founders have been dealing with a few court cases as U.S. prosecutors alleged Onecoin fraudulently took in $4 billion from global…

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