scamriskwarning

At the same time that crypto was still in its youth and had yet to be regulated, Ruja Ignatova emerged on the world's stages offering a revolutionary financial future.
She called her project OneCoin.
She claimed to have created the next Bitcoin.
She succeeded in convincing many people around the globe that she did, but what she really built was one of the largest scams in crypto history.

🔹 Step 1: Create the Perfect Deception
Ruja didn't build an illusion based on technology.
She built it based on psychology.
She wore diamond jewelry and designer gowns to events.
She spoke as if she was a visionary.
She rented the largest stages possible.
She told audiences that she had a PhD and a secret blockchain that would outperform Bitcoin.
However, there was no secret blockchain.
There was no blockchain at all.
OneCoin was not a true cryptocurrency.
It was simply a data base under complete control by Ruja, which was designed to generate false information to deceive OneCoin users into believing their coins were increasing in value.
However, the illusion worked because Ruja sold people a dream: "Get wealthy before everyone else does."

🔹 Step 2: Create a Global MLM Machine
Rather than demonstrate her technology, Ruja created a network.
OneCoin developed into a large Multi-Level Marketing (MLM) organization:
Recruiters recruit members.
Members recruit more members.
Commissions come from the money deposited by new members rather than from actual profit.
This is the hallmark of a Ponzi Scheme.
Older investors receive their payments from new investors until the organization collapses.
By 2016-2017, OneCoin had garnered over $4Billion dollars worldwide with particular emphasis on areas where poor people viewed crypto as their means of escaping poverty.

🔹 Step 3: Regulatory Enforcement - And Panic
As more and more victims expressed dissatisfaction and regulatory agencies began to dig deeper into OneCoin's operation, the truth began to leak out.
There was no blockchain.
Price charts were fabricated.
Mining was fabricated.
Transactions were fabricated.
There was never an exchange that allowed users to withdraw funds.
Regulatory agencies from across Europe and in the United States issued public advisories against investing in OneCoin.
Lawsuits were filed.
Leaks revealed the inner workings of OneCoin.
Ruja knew: She had to disappear.

🔹 Step 4: The Vanishing Act
On October 25th, 2017 Ruja boarded a flight from Sofia → Athens.
She was scheduled to attend a OneCoin event in Portugal.
She never arrived.
She has never appeared in public since then.
Reports indicate:
She may have changed her identity.
She may have been sheltered by organized crime organizations.
She may have gone through plastic surgery.
She may have been living in hiding in Dubai or Europe.
However, the truth about Ruja's disappearance remains unknown.
Her disappearance is one of the strangest disappearances in the history of modern finance.
To this day, she is still listed on the FBI's Top Ten Most Wanted List - a distinction held by only a handful of women in the history of the FBI.

🔹 Lessons Learned From Her Experience
Ruja Ignatova demonstrates the following important fact:
**Deceptions do not originate with phony technology.
Deceptions begin with genuine trust.**
Why did people trust Ruja?
She acted confident.
She sounded like a genius.
She promised instant wealth.
She made crypto seem magical.
She exploited fear of missing out as her primary tool.
This is the very same formula that has been used in approximately 90% of all current crypto deceptions.

🚨 How to Protect Yourself from Being a Victim
Below are the lessons that her experience teaches us:
1️⃣ If there is no actual blockchain, leave immediately.
No transparency = scam guaranteed.
2️⃣ Be wary if the founder is overly flashy.
Real developers do not require diamonds and stages.
3️⃣ If you cannot withdraw your funds, flee.
A legitimate project will always allow you to access your money.
4️⃣ If commissions depend on bringing new people aboard, it is a Ponzi.
5️⃣ If someone assures you of profits, they are lying.
Crypto is volatile and no one can guarantee steady profits.