- OneCoin’s website at long last has stopped operating.
- This comes after lawmakers indicted one of its founders under allegations of fraud.
- EurID confirmed that the website went offline because of all the criminal controversy against OneCoin.
OneCoin’s website at long last has stopped operating.
This comes months after United States lawmakers indicted one of its founders under allegations of fraud.
As the monitoring resource BehindMLM.com highlighted in a blog post published at the start of the month, OneCoin.eu no longer could go back live as of November 30th.
As per CoinTelegraph, after looking further into it a representative from EurID, the domain’s registry, confirmed to the publication that the website went down offline because of all the criminal controversy against OneCoin.
“The domain name is under legal investigation. Please further check our WHOIS for the status of the domain name,” a written response reads.
Like we say all the time here at CryptoDaily, it’s so important to look into a cryptocurrency before putting your money into it. Especially if it’s an unknown startup. So please do your own research before putting your money in a cryptocurrency and always remember to trade safe!
On the run
OneCoin’s co-founder Ruja Ignatova is currently on the run, while her brother, Konstantin Igantov, confessed to being guilty to the charges including money laundering and fraud. He faces up to 90 years in prison.
“Controversy continues to swell around another cryptocurrency project this month. The creator of altcoin HEX, Richard Hart, attracted widespread accusations of foul play after making various promises including free tokens to Bitcoin holders.”
HEX describes itself as “the first high interest paying Blockchain.”
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!