In a significant development in the $4 billion OneCoin cryptocurrency fraud case, the mastermind behind the Ponzi scheme, ‘Cryptoqueen’ Ruja Ignatova, continues to elude authorities, while her partner, Konstantin Ignatov, has been sentenced to 20 years in prison.
Ruja Ignatova, who was once hailed as a rising star in the cryptocurrency world, mysteriously disappeared in 2017, leaving investors in OneCoin in the dark about their investments. Since then, she has managed to remain elusive, despite international efforts to locate and apprehend her.
Konstantin Ignatov, Ruja’s younger brother and a key figure in the OneCoin operation, faced a US court where he pleaded guilty to multiple charges, including money laundering and fraud. The judge sentenced him to two decades behind bars, emphasising the severity of his crimes.
With Konstantin’s sentencing, attention now turns to the whereabouts of Ruja Ignatova. Authorities around the world are determined to bring her to justice and unravel the full extent of the OneCoin scam. Investigators are pursuing leads that suggest she might be hiding in a foreign country under an assumed identity.
The saga of the ‘Cryptoqueen’ continues to captivate the cryptocurrency community and law enforcement agencies alike as they strive to close this chapter of one of the largest cryptocurrency frauds in history.
