🚨 OneCoin: The story of the loudest crypto scam in the world

🔎 What was it?

OneCoin (2014-2019) — a pseudocurrency created by Ruja Ignatova (the "Cryptoqueen"). The project was positioned as a "Bitcoin killer," but in reality, it turned out to be a financial pyramid with damages of $4+ billion.

🔴 Why was it a scam?

✔️ No blockchain — transactions were falsified

✔️ Centralized issuance — coins were printed without algorithms

✔️ Ban on withdrawing funds — investors could not cash out "assets"

✔️ The exchange rate was set manually (without market mechanisms)

📉 How did it end?

• Founder Ruja Ignatova — wanted by Interpol

• Her brother (accomplice) received 20 years in prison in the USA

• Tens of thousands of victims worldwide

💡 Important lessons:

1️⃣ Real cryptocurrencies (BTC, ETH, etc.) have open code and blockchain

2️⃣ Healthy projects do not hide technology

3️⃣ If you can't withdraw funds — it's a red flag!

📌 How to distinguish a scam?

✓ Check CoinMarketCap/CoinGecko (OneCoin was NOT there)

✓ Look for a Whitepaper with technical details

✓ Avoid projects with "guaranteed returns"

Binance never listed OneCoin

#CryptoScam #OneCoin #DYOR