In February 2016, the British newspaper the Daily Mirror wrote that OneCoin / OneLife is a get-rich-quick scheme scam and a cult, calling it "virtually worthless".

Sep 7, 2025 · OneCoin, founded in 2014 by Ruja Ignatova, claimed to operate like a legitimate cryptocurrency. However, lacking a real blockchain, it functioned as an elaborate Ponzi …

Sep 12, 2023 · OneCoin, which began operations in 2014 and was based in Sofia, Bulgaria, marketed and sold a fraudulent cryptocurrency by the same name through a global multi-level …

Jun 30, 2025 · It was clear to Bjercke from the start that this had to be a scam. He went public. By this time, however, the international OneCoin community had already grown considerably, …

Sep 26, 2024 · Uncover the shocking facts behind the OneCoin scam, a $25 billion fraud involving Ruja Ignatova and global legal actions.

Sep 12, 2023 · "In reality, unlike legitimate cryptocurrencies, OneCoin had no actual value and was conceived of by Greenwood and Ignatova as a fraud from day one," prosecutors with the …

As the crypto market is crashing, let's take a look at one of the oldest crypto Ponzi schemes from 2016 — how did it get so big, and why did so many people buy OneCoin?