OneCoin
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anchored·2QL9J4…PASbSummary
OneCoin was a global fraudulent cryptocurrency scheme founded in 2014 by Ruja Ignatova ("the Cryptoqueen") and Karl Sebastian Greenwood. Operating as both a Ponzi scheme and a multi-level-marketing pyramid, it defrauded an estimated 3.5 million victims across more than 175 countries of over $4 billion by marketing a cryptocurrency that had no real blockchain. Ignatova disappeared in October 2017, is an FBI Ten Most Wanted Fugitive with a $5 million reward, and multiple co-conspirators have been convicted and sentenced to federal prison.
Connected Entities
1 entities- + 17 more
Connected Through
1 shared actor · 1 investigationDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- ♦OneCointokenalso inOneCoin·0
Timeline(27 events)
2012
Ruja Ignatova convicted of fraud in Germany related to her father's company acquisition; receives a 14-month suspended sentence.
Wikipedia / Ruja IgnatovaAugust 2014
OneCoin launched by Ruja Ignatova and Karl Sebastian Greenwood through OneCoin Ltd and OneLife Network Ltd, marketed as an MLM-driven cryptocurrency.
DOJ SDNY Press ReleaseSeptember 2015
Bulgaria's Financial Supervision Commission issues a public warning about OneCoin investment risks.
OneCoin Wikipedia2016
OneCoin's internal marketplace closed without notice in January 2016, then reopened in March 2016, and closed again without notice in January 2017.
OneCoin WikipediaJuly 2016
Ruja Ignatova speaks at an OneCoin promotional event at Wembley Stadium, London, before a reported audience of approximately 90,000 people.
OneCoin WikipediaDecember 2016
Italy formally categorizes OneCoin as illegal and halts promotional activities.
OneCoin Wikipedia27 April 2017
Germany's BaFin issues cease-and-desist orders to OneCoin Ltd and OneLife Network Ltd.
OneCoin Wikipedia12 October 2017
A federal grand jury in the Southern District of New York files a sealed indictment against Ruja Ignatova for conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering.
DOJ SDNY / OCCRP25 October 2017
Ruja Ignatova boards a Ryanair flight from Sofia, Bulgaria to Athens, Greece, and disappears. She has not been seen in public since.
FBI / WikipediaFebruary 2018
Superseding indictment filed against Ignatova adding charges of conspiracy to commit securities fraud and securities fraud.
DOJ SDNYOctober 2018
Greenwood extradited to the United States to face charges of wire fraud and money laundering.
CoinDesk7 March 2019
Charges against Ruja Ignatova publicly unsealed. Konstantin Ignatov arrested at Los Angeles International Airport.
DOJ SDNY4 October 2019
Konstantin Ignatov pleads guilty to conspiracy to commit wire fraud, wire fraud, conspiracy to commit money laundering, and conspiracy to commit bank fraud.
DOJ SDNY21 November 2019
Mark Scott convicted by a federal jury in New York of conspiracy to commit bank fraud and conspiracy to commit money laundering for laundering $400 million in OneCoin proceeds.
CoinGeek8 June 2021
Irina Dilkinska, OneCoin's head of legal and compliance, arrested in Sofia, Bulgaria pursuant to a U.S. extradition request.
BehindMLMJune 2022
FBI adds Ruja Ignatova to its Ten Most Wanted Fugitives list; initial reward of $100,000 offered.
FBI12 September 2023
Karl Sebastian Greenwood sentenced to 20 years in federal prison by U.S. District Judge Edgardo Ramos.
DOJ SDNYNovember 2023
Irina Dilkinska pleads guilty to conspiracy to commit wire fraud and conspiracy to commit money laundering.
Decrypt25 January 2024
Mark Scott sentenced to 10 years in prison and ordered to forfeit approximately $393 million, four properties, a yacht, and a Porsche.
DOJ SDNY5 March 2024
Konstantin Ignatov sentenced to time served (approximately 34 months) by Judge Ramos; required to forfeit $118,000.
BehindMLM3 April 2024
Irina Dilkinska sentenced to four years in prison and ordered to forfeit $111.4 million.
CoinDeskJune 2024
U.S. Department of State increases reward for Ruja Ignatova's arrest and/or conviction to $5,000,000.
FBI25 July 2024
London High Court issues Worldwide Freezing Orders against Ruja Ignatova, seven associates, and two Guernsey companies, obtained by over 400 victim investors represented by Mishcon de Reya.
ICIJ14 April 2026
DOJ announces a victim compensation process, making approximately $40 million in forfeited assets available; claims deadline set for June 30, 2026.
CoinDeskDecision Log
- hash: 6GuUVYJgwzsRuAu5AL8HKmVoMtfFHpGVbcdDqm5hyrWA
- hash: HyDdk8CNPQtAPJLoPXkLPTvNAuJhY13msfuNqv95kX2P
- hash: F6KfopzwjgA9MACUnpYkvxYpcnCcvm7uCuoa34pNkciX
This investigation is cryptographically anchored to the Solana blockchain (3 events). 19 of 20 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/31/2026, 7:53:15 PM
last updated: 7/26/2026, 10:26:11 PM
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