Dr. Ruja Ignatova, infamously known as the Cryptoqueen, is reported to be alive and residing in South Africa, according to an investigative journalist.
In a shocking revelation, the infamous “Cryptoqueen,” Dr. Ruja Ignatova, who mysteriously disappeared in 2017 midst an enormous cryptocurrency scam, is believed to be hiding in South Africa. This claim was put forth by an investigative journalist who preferred anonymity due to the sensitivity of the subject.
Unfolding Ignatova’s Story
Dr. Ruja Ignatova, the founder of the controversial OneCoin project, has been on the run after being charged with a multi-billion dollar cryptocurrency fraud. She disappeared without a trace in October 2017, right before facing justice in the United States for her alleged involvement in the defrauding of investors worldwide.
The Bulgarian native, also known as the “Cryptoqueen,” came into the limelight through the OneCoin project. This initiative promised high returns on investments, but it turned out to be a fraudulent scheme. By the time she vanished, Ignatova had allegedly defrauded investors of nearly $4 billion. Her current whereabouts have remained a mystery, causing international intrigue and an ongoing global manhunt.
South African Hideout: A Calculated Move?
The anonymous investigative journalist, who has reportedly been following the case, suggests Ignatova could be in South Africa. The journalist claims to have tracked digital breadcrumbs leading to this conclusion.
According to this journalist, South Africa’s political and economic landscape provides the ideal conditions for Ignatova to remain hidden. The country’s underground economy, especially its unique “Hawala system,” allows for anonymous transactions, making it an ideal spot for individuals like Ignatova attempting to avoid the media spotlight and international law enforcement agencies.
OneCoin: A Scheme That Shook The Crypto World
- The Origin: Established in 2014 by Ignatova and her brother Konstantin Ignatov, OneCoin was marketed as an investment opportunity that would yield substantial returns.
- The Promise: Investors were led to believe that OneCoin was a new cryptocurrency that would outperform Bitcoin. The project promised high returns and minimal risk.
- The Reality: As it turned out, OneCoin was a scam without any actual blockchain technology behind it. The resulting uproar led to investigations and multiple arrests worldwide.
While Ignatova remains at large, her brother Konstantin Ignatov has been arrested and charged in the U.S. He pleaded guilty to multiple charges and is currently awaiting sentencing.
Continuing the Search
Despite these new revelations, the exact location of “Cryptoqueen” Ignatova remains unknown. International law enforcement continues to seek her for the alleged crimes she has committed. The case serves as a stark reminder of the potential risks involved in the cryptocurrency sector and the importance of investor diligence.
The report suggests Ignatova’s location, but it remains to be seen whether it will lead to her capture. Until that day comes, the whereabouts of the “Cryptoqueen” will be one of the most intriguing crypto mysteries.
