June 28th, 2024

FBI puts a $5M bounty on the missing Cryptoqueen

The FBI raises the reward to $5 million for 'Cryptoqueen' Ruja Ignatova's capture due to her involvement in a multi-billion dollar pyramid scheme. Ignatova vanished in 2017 and is linked to Bulgarian crime networks.

Read original articleLink Icon
FBI puts a $5M bounty on the missing Cryptoqueen

The FBI has increased the reward for information leading to the arrest of Ruja Ignatova, known as the 'Cryptoqueen,' to $5 million. Ignatova, accused of running a multi-billion dollar pyramid scheme with OneCoin, disappeared in 2017 and was placed on the FBI's Most Wanted list in 2022. The increase in reward follows a BBC documentary linking Ignatova to Bulgarian crime networks and speculating on her possible demise. Journalist Jamie Bartlett believes the higher reward aims to entice Ignatova's close associates to come forward. OneCoin, a fraudulent scheme, allegedly defrauded investors of $4.5 billion. Ignatova, the mastermind behind OneCoin, is the only woman on the FBI's Most Wanted list alongside figures like drug cartel heads and crime bosses. The FBI hopes the increased reward will lead to a breakthrough in capturing Ignatova, who has been on the run for years.

Link Icon 2 comments
By @jqpabc123 - 5 months
OneCoin appeared in 2014 and was essentially a multi-level marketing scam with crypto at the core.

How old school.

New school is "stable coins" with unverified backing.

Most crypto fans don't really care about the backing (or lack thereof) as long as they keep getting a cut of the proceeds.

The problem is the fine line between the scammer and the scam-ee is kinda vague.