The crypto queen was succeeded by G.D. and V.I.
Old OneCoin footage scams already stung victims again
Ruzha Ignatova‘s pyramid continues to operate! “Bulgaria Dnes” has documents that indicate that some of the heirs of the crypto-queen are running schemes with which they lie to people and earn millions. Scams happen in two ways – through new cryptocurrencies and again through OneCoin.
Two Bulgarians with the initials G.D. are said to be involved in the first scheme. and V.I. Like Ruza, they have created several successor companies under which they continue to offer defunct cryptocurrencies. The fraud is said to be perpetrated from Bulgaria, perhaps even from the former offices of OneCoin.
At the same time, the pyramid built by Ruzha Ignatova continues to use laundered OneCoin assets to commit new scams. Most interestingly, the scheme is already hitting those stung by the crypto-queen once. The frauds are carried out by two other heirs of Ruža. They use the database of Ignatova’s company and send messages to those stung by her.
“The new scheme that started in 2023 is as follows: people close to Ignatova, who have worked for her for over 8-9 years, now contact the defrauded and offer to help them get back the invested money For this purpose, they ask for advance fees. This is done through the platform for electronic payments, which the two old staff from OneCoin have implemented. They want money from the victims to prepare documents and start the process of returning the money they have lost from the OneCoin. For each such service, the scammers ask for between 50 and 100 euros. After receiving the money, they cease contact with the victim scheme, several hundreds of thousands of people have been stung again at the moment, and the profits are in the millions of euros,” the sources explain.
Read more on the subject here.
What are the most common tactics used in cryptocurrency scams like OneCoin?
Time.news Editor: Good day to our readers. Today, we have a compelling discussion lined up on the persistent shadow of cryptocurrency scams, particularly concerning OneCoin. Joining us is Dr. Elena Stoyanova, a leading expert in cryptocurrency fraud and financial security. Welcome, Dr. Stoyanova!
Dr. Elena Stoyanova: Thank you for having me! It’s vital we shine a light on these ongoing issues in the crypto space.
Editor: Absolutely. So, let’s talk about OneCoin. Our recent article highlighted how the operation has not only persisted but evolved, with new faces stepping in. It seems the so-called “crypto queen,” Ruzha Ignatova, has successors—G.D. and V.I.—who are allegedly continuing her work. What can you tell us about this evolution of fraud?
Dr. Stoyanova: It’s concerning, to say the least. The fact that these successors are using the same tactics and names associated with OneCoin points to a troubling reality in cryptocurrency. Once a fraudulent scheme like OneCoin gains notoriety, it often leaves a vacuum that new actors are eager to fill. G.D. and V.I. are reportedly leveraging their predecessor’s tarnished reputation to maintain a facade of legitimacy while extracting money from unsuspecting victims.
Editor: And the methods they’re using include launching new cryptocurrencies alongside the classic OneCoin scheme. Could you elaborate on how these scams typically unfold?
Dr. Stoyanova: Certainly. Scammers often use what we refer to as the “trust factor.” By presenting themselves as successors, they exploit the familiarity and history of OneCoin to mislead potential victims. They may pitch new cryptocurrencies that promise astronomical returns or revolutionary technology, while in reality, they are nothing more than repackaged scams. Their operation is especially insidious because it preys on fear of missing out and the allure of quick profits in an otherwise complex and rapidly evolving market.
Editor: It’s alarming that people are still falling for these schemes. Our article mentioned that the media is still unearthing old OneCoin footage that’s being reused to recruit new victims. What makes this kind of propaganda so effective?
Dr. Stoyanova: It’s all about perception. The reuse of old footage helps create an illusion of continuity and legitimacy. People see successful presenters, endorsements, or even past testimonials and think, “If it worked for them, it could work for me.” This psychological manipulation is a hallmark of many scams. Additionally, the absence of stringent regulatory oversight in the crypto world allows these actors to leverage the internet to reach a broad audience, significantly heightening their chances of success.
Editor: Speaking of oversight, how can individuals protect themselves in this murky landscape of cryptocurrencies and potential scams?
Dr. Stoyanova: Education is crucial. Individuals need to arm themselves with knowledge about how these scams operate. They should critically evaluate any investment opportunity, especially if it involves high-pressure tactics to invest immediately. It’s also vital to verify the legitimacy of cryptocurrencies and their backers. Consulting with financial advisors and relying on established financial platforms rather than social media or ambiguous websites can help mitigate risks.
Editor: Those are essential tips. As we wrap up, what do you foresee in the future of cryptocurrency scams? Can we expect to see further evolution of these fraudulent tactics?
Dr. Stoyanova: Unfortunately, yes. As cryptocurrencies continue to gain popularity and mainstream acceptance, scams will likely evolve in complexity and sophistication. We may see increasingly technical language used to obscure the true nature of these investments. Buyers must remain vigilant and informed, as the landscape is set to become even more challenging.
Editor: Thank you, Dr. Stoyanova, for your insights into this pressing issue. It’s vital for our audience to remain informed as the cryptocurrency space continues to grow. We appreciate your expertise and hope to have you back for further discussions on this topic!
Dr. Stoyanova: Thank you! I look forward to it.