Cryptocurrency Q&A
What is OneCoin Ltd?
What is OneCoin Ltd?
Andrea
Tue Feb 18 2025
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6
answers
1232
OneCoin Ltd. is a company behind a cryptocurrency-based Ponzi scheme, founded by Bulgarian national Ruja Ignatova. The scheme raised $4 billion from 2014 to 2016, promising high returns but never delivering. The company sold educational materials and operated a multi-level marketing scheme, but the OneCoin currency was never actively traded and could not be used to purchase anything.
6 answers
Nicola
Thu Feb 20 2025
OneCoin Ltd. boasts a global membership of over three million people.
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Alessandro
Thu Feb 20 2025
OneCoin Ltd. functions as a multi-tier marketing platform.
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Alessandra
Thu Feb 20 2025
These members are distributed across various regions worldwide.
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PulseRider
Thu Feb 20 2025
Among them, there are victims residing in the Southern District of New York.
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ethan_thompson_journalist
Thu Feb 20 2025
Members earn commissions by recruiting others.
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