How The World’s Biggest Crypto Was A Total Lie

In 2014, a new cryptocurrency was unveiled: OneCoin. At mass events resembling religious gatherings, charismatic founder, Ruja Ignatova, claimed it was on course to become the world’s biggest digital currency and would change the world. In fact, it was a giant ponzi scheme. There was no blockchain, no pay-out system, nothing but the promise of fantastic rates of return. Ruja and her cronies invented a new, favourable exchange rate every day. And it worked: OneCoin was soon hyped as the cryptocurrency for the poor. A currency that would turn paupers into… Video by YouTube channel.