OneCoin Website Goes Offline as Net Closes in on $4B Ponzi Scheme
William Suberg's original article for cointelegraph.com reduced by 60%
The website for cryptocurrency Ponzi scheme OneCoin has finally ceased operating, months after United States authorities indicted one of its founders for fraud. As MLM scam monitoring resource BehindMLM.com noted on Dec. 1, OneCoin.
Eu no longer returned a live result as of Nov. 30."Legal investigation" offlines OneCoin. EuUpon investigation, a representative from EurID, the domain's registry, confirmed to the publication that the website was offline due to the criminal proceedings 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. The event marks the latest in a series of revelations in the takedown of OneCoin, which operated for years and defrauded investors of around $4 billion.
Controversy continues to swell around another cryptocurrency project this month.
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Summarised crypto news.