What was the OneCoin scam?

OneCoin was a fraudulent cryptocurrency scheme led by Ruja Ignatova. It claimed to offer high returns but lacked a public blockchain. Ultimately, it was exposed as a Ponzi scheme, stealing billions from investors.

How did Ruja Ignatova lead the scam?

Ruja Ignatova promoted OneCoin as a groundbreaking cryptocurrency, convincing people to invest. By controlling the coin's value and supply, she manipulated investor trust until her sudden disappearance.

What are the lessons for investors?

Investors should research projects thoroughly, look for transparency, and be cautious of schemes promising overly high returns. Learning about regulatory changes and market dynamics also helps in mitigating risks.

How has the OneCoin scam impacted cryptocurrency regulation?

The scam increased regulatory scrutiny, with many countries implementing stricter rules. This helps protect investors but also requires constant updates to match the evolving market landscape.

Global Market Insights

Ruja Ignatova Leads Cryptocurrency Scam with Shocking Growth

ByHuzaifa Zahoor November 16, 2025November 16, 2025

Ruja Ignatova, known as the ‘Cryptoqueen,’ has resurfaced in discussions about one of the largest cryptocurrency scams in history: OneCoin. The scam, which reportedly defrauded investors of over $4 billion, showcases the persistent risks in the cryptocurrency space. Even now, investors and regulators are grappling with the echoes of its rampant growth, highlighting the urgent need for more robust oversight. As new details come to light, the story serves as a cautionary tale about the dangers lurking in poorly regulated markets.