TL;DR —
OneCoin took advantage of Bitcoin going mainstream in 2014 and scammed millions out of people. Internal sources that worked with OneCoin claim that they could steal up to $19.4 billion. OneCoin was promoted as a revolution, competitor to banks and “Bitcoin killer” There was not a public blockchain nor a private one. Victims were acquiring “coupons” that victims were acquiring by buying packages. The only profit for members is coming from inviting others and getting a commission from it.
[story continues]
Written by
@Benji
Chaos is a ladder.
Topics and
tags
tags
onecoin|online-scam|multi-level-marketing|hackernoon-top-story|cryptocurrency-top-story|cryptocurrency-scams|ruja-ignatova-cryptoqueen|ruja-and-konstantin-ignatova
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