A private database held four billion dollars that didn't exist
From True Cover Ups · 15:09
Show by OBOMEDIA ENTERTAINMENT
A cryptocurrency promises immense wealth, but its four billion are just numbers in a database. Its creator, the Cryptoqueen vanishes-what happened?A private database held four billion dollars that didn't existThis episode explores the OneCoin cryptocurrency fraud, detailing how a system with no real blockchain or product moved billions from ordinary people's accounts. It questions how its founder built such an enterprise and then disappeared.Person: Ruja IgnatovaPeriod: 2013-2017Location: BulgariaStatus: Vanished, on FBI Ten Most Wanted listReward: Five million dollars- Ruja Ignatova, known as the Cryptoqueen, held an Oxford doctorate in law and spoke six languages.- She co-founded OneCoin in 2014 with Sebastian Greenwood, marketing it as the successor to Bitcoin.- OneCoin offered investment packages ranging from $100 to $225,500, which included educational materials.- Unlike legitimate cryptocurrencies, OneCoin operated on a private database in Bulgaria, not a distributed public ledger.- Regulatory warnings about OneCoin began in September 2015, leading the company to cease operations in Bulgaria and shift jurisdictions.Tired of ads? Listen to this podcast and 200+ more ad-free on OBOMEDIA.Try it free for 7 days, cancel anytime: https://obomedia.com/en/gratis?ref=desc-7294779© 2026 Created by an independent creator of the OBOMEDIA Network. All rights reserved.This episode and its content (audio, text, and related materials) are the property of their respective creator, who is solely responsible for them, and are distributed by the OBOMEDIA Network on platforms such as Apple Podcasts, Spotify, Amazon Music, and Pocket Casts. Reproduction, distribution, editing, or commercial use, in whole or in part, without the creator's prior written permission is prohibited. For permissions, licensing, and business inquiries: [email protected].
More episodes of True Cover Ups
More episodes
- The $2 Trillion Secret Banks Hid From You
- The court record that named Epstein and never charged him
- The policy line that protected timber supply hid Shell's path onto Tahltan land
- The salary raise that funded more bribe attempts, not fewer
- The iPad Course That Made Pilots Fly Blind
- The legal door that turned without breaking any laws
- The transfer on June 27 that pledged Seckold's shares without his consent
- The trials that proved information did nothing - except sway legislators
- The Captain's Reading Glasses Grounded a Ship
- The Satellite Image That Showed No Water
PodSearch is a free, independent podcast search engine. Read about PodSearch, the privacy policy or contact us.