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The infamous OneCoin founder Ruja Ignatova a.k.a “Crypto Queen” might have been dead as revealed by newly uncovered evidence. In an article published by Bureau for Investigative Reporting and Data (BIRD), the Crypto Queen was allegedly murdered by a drug lord while aboard his yacht. 


Ignatova was included in the FBI’s ten most Wanted and Europe’s most wanted list. She founded OneCoin in 2014, a classified Ponzi scheme that closed down in 2017. OneCoin co-founder Karl Sebastian Greenwood was arrested in 2018 while her brother Konstantin Ignatov was apprehended the following year. Both pleaded guilty to charges of money laundering and fraud. Although her cahoots were caught by the authorities, justice was still elusive to the scammed investors. After defrauding investors with $5 billion, the Crypto Queen went missing in 2018. 


In January, news of Ignatova’s resurfacing spread like wildfire grazing headlines of most crypto media outlets. This came after she was listed as a beneficial owner of Abbots House Penthouse Limited’s purchase of a multimillion-dollar penthouse in the UK. But it was later revealed that the listing came from prosecutors in Germany and not Ignatova. The report has left everyone wondering as to her actual whereabouts.


But new information came to light following the murder investigation of Lyubomir Ivanov, Bulgaria’s  General Directorate of the National Police. The real story of Crypto Queen’s disappearance was purportedly revealed in taped records found in his residence where he was shot. A drug lord known as “Taki” allegedly ordered the hit to conceal his involvement in the OneCoin crypto Ponzi scheme. Her body was then dismembered and discarded in the Ionian Sea. 


Authorities have also noted that the source of the report was intoxicated at the time. Despite this seemingly credible evidence, this has cast doubts on the integrity of the information.


Crypto Queen’s former lover Gilbert Armenta who aided her in laundering millions of dollars was sentenced to five-year imprisonment on charges of wire fraud, money laundering, and extortion according to a report by Bloomberg.


The OneCoin scam was dubbed as  “one of biggest scams in history” by Times and with the mastermind still at large or dead (?), justice for all its unwitting victims may have sunken in the depths of the cold Ionian Sea.

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