The biggest crypto scam in history?

Part -7

They only began to smell something fishy when OneCoin’s exchange began to fall apart. See, investors who owned coins could convert their coins to cash whenever they wanted, on a private exchange called xcoinx dot com. OneCoin obviously paid them from a pool of wealth they’d created. It was like paying old investors with new investors’ money. That’s how pyramid schemes work.

And since this exchange set daily limits on how much of their OneCoin balance investors could sell, there wasn’t a risk of investors withdrawing their money all at once.

But at the beginning of 2017, OneCoin abruptly shut down its exchange on the pretext of being under maintenance. Investors couldn’t cash out. And weirdly, it never reopened.

The only way for investors to know what was really happening was to attend the OneCoin event at Lisbon where Ignatova would make an appearance. That unfortunately, never happened and it all began to make sense. Ignatova vanished into thin air, leaving her accomplices in trouble. Greenwood was sentenced to 20 years in prison and was ordered to pay up $300 million last year.

As for Ignatova, chatter around her plausible death has been doing the rounds since the last few days. Investigations suspect that a Bulgarian drug lord who she hired to protect her may have actually killed her.

But without real proof the FBI won’t strike her name off their top 10 most wanted fugitives list. Could that mean that Ignatova is still alive?

Well, we can’t really tell. For all you know, she could be smartly faking her death to divert the attention of investigators, while living her best life on a yacht with the billions she swindled.

Until next time…