Bulgarian company associated with OneCoin seized by authorities

An international operation on neutralizing a Ponzi scheme fraud called OneCoin
23 January 2018   732

More and more facts elaborating on whether OneCoin is scam or not are revealed. Last week Friday, January 19, Specialized Prosecutor’s Office of Bulgaria confirmed its involvement in the investigation of OneCoin.

With the combined efforts of Germany, Europol and Eurojust the offices of a Bulgarian company associated with OneCoin was searched, material evidence along with the servers were seized and 50 witnesses were questioned. The operation was, in fact, just a step in a large-scale investigation against the fraud structure for money laundering by issuing and distributing cryptocurrency OneCoin. Yet, no evidence of the coordinated operation was shown, the Prosecutor’s Office noted that the same inspection is underway in the USA, UK, Ireland, Italy, Ukraine and others.

To remind to the readers, a major anti-OneCoin operation was organized in India April through June last year: 22 people were arrested, 6 are searched internationally, approximately $4 mln. Seized in bank accounts (merely a third of the amassed $12 mln. from investing victims); in Germany the scrutiny in May 2017 revealed a large money laundering company and seized around €29 mln. In Finland, a report on OneCoin activity in the country was filed and as a result, 2 people are suspected to have stolen from more than 20,000 Finns.

As for the reactions in social networks, users of Reddit were divided: some were pleased to hear about this, but others, like user vander1279 was unaware of the existence of such a thing, saying «Didn't even know this coin existed, good riddance scam coin!». Another user fapthepolice was skeptical about OneCoin from the very beginning stating: «I mean this isn't even exactly a cryptocurrency-related scam. It's a classical ponzi which calls itself a cryptocurrency. And it's been going on for way too long».

Cryptopia to Resume Trading Temporary

Trading lasted few hours and has been stopped, and the company itself has not made any announcements on this matter
18 March 2019   34

Hacked cryptocurrency exchange Cryptopia temporarily resumed trading on this Monday, according to information from the order book on its website. To date, trading has been stopped, and the company itself has not made any announcements on this matter. The total volume of transactions on the exchange, which ceased trading services about two months ago, in the last 24 hours amounted to a little more than 10 BTC.

In a message not related to today's test launch of trades, the exchange announced that it would send letters to all clients affected by the hacker attack. A copy of the letter is available on the Cryptopia website. In it, the exchange describes the circumstances of the hacking and its further actions.

The company also confirmed that it will pay damages to affected users. Customers who kept cryptocurrency stolen from the exchange will see in their accounts withdrawal records without transaction identifiers, reflecting the extent of the damage. They will get Cryptopia Loss Marker (CLM), which are records in the database of payments due to them.

According to the announcement, the company expects to proceed with the payment of compensation and resume trading until the end of the month after the completion of the necessary legal procedures.