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From 'Destroy Bitcoin' to vanishing into thin air, Cryptoqueen has given a vivid lesson to all 'next Bitcoin' projects.
In 2014, a woman named Ruja Ignatova burst into the crypto world calling herself the Cryptoqueen. She launched OneCoin, promising it would destroy Bitcoin and make investors rich. Thousands flocked to her flashy events, handing over their money in excitement.
Behind the scenes, it was all a lie. OneCoin had no blockchain and zero real value the price was faked by the company. In private, Ruja even called her investors “idots.”
By 2017, she had stolen over $4 billion from people in 175 countries. Then the FBI secretly indicted her in New York. Two weeks later, she boarded a Ryanair flight from Sofia to Athens and disappeared forever.
Her brother tried to continue the scam but later pleaded guilty to fraud. The FBI added her to its Ten Most Wanted list in 2022 and raised the reward to $5 million.
Some say she was murdered on a yacht in 2018 and thrown into the sea. The FBI believes she is still alive, hiding with her fortune.
$4 billion gone. 175 countries defrauded. Nine years later, no one knows if the Cryptoqueen is dead or living like royalty somewhere.