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joi, 10 iulie 2025

Crypto fraud: The OneCoin scandal | DW Documentary

Have you have ever used about OneCoin and / or Ruja Ignatova? If you haven't found out yet it's a good time to read about them and a good time to watch the video Deutsche Welle made about them. OneCoin was launched in 2014 and billed as the world's largest cryptocurrency. Founder Ruja Ignatova earned many millions of euros before a tech nerd stepped in to stop the scam while putting himself in danger. He made her disappear because she was to frightened to deal with the authorities about what she has done.

Blockchain is a decentralized database that records transactions in a network and stores them, unalterably. All cryptocurrencies in the world are operated on blockchains.

Bjørn Bjercke is a blockchain expert. The creators of OneCoin also claimed to have blockhain for their cryptocurrent but Bjørn Bjercke knew better because they tried to recruit him. They offered him a tempting salary, a large car and various apartments wantime in return to set up a blockchain for the cryptocurrency. 

But all this was months after OneCoin launched, so that made clear to Bjercke that the cryptocurrency had to be a scam. He went public. As a result the creators of OneCoin have been put out of business. Founder Ruja Ignatova has disappeared and is wanted by the German authorities, among others authorities in the world. Bjørn Bjercke is working with those authorities to uncover new scams.

 

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