one-coins

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CoinPayments still servicing $4 billion OneCoin Ponzi scheme

Payment processor CoinPayments is still providing financial services to the $4 billion OneCoin Ponzi scheme.

This follows a categorical denial from CoinPayments in June 2022.

In an attempt to distance themselves from notoriety, OneCoin created OneEcosystem in 2021.

On April 12th, 2023, OneEcosystem uploaded a video titled “HOW TO TOP UP YOUR DIGITAL CASH WALLET” to their official YouTube channel.

The video presents different ways affiliates can invest money into OneCoin. At [1:03] into the video, various deposit option in euro are presented, with CoinPayments appearing as OneCoin’s payment processor.

OneCoin has added a new feature to their OneEcosystem Portal which allows members to “top up” their OneLife Euro cash wallet by using real cryptocurrency via payment gateway called CoinPayments (registered to Cayman Islands).

Turns out that was a lie, with CoinPayments continuing to provide OneCoin with financial services all along.

OneCoin founder Ruja Ignatova sits on the FBI’s top 10 most wanted list.

Several OneCoin executives have been indicted in the US. The OneCoin criminal cases are in various stages, with some defendants awaiting sentencing and others yet to be convicted.

Despite the dismantling of OneCoin’s public executive team by US authorities, OneCoin continues to operate out of Bulgaria.

The Ponzi scheme is run by puppet CEO Ventsislav Zlatkov, who is believed to work for organized crime interests tied to Bulgarian officials.

CoinPayments is a crypto payment processor that operates under UAB Star Ventures, a shell company incorporated in Lithuania.

CoinPayments is owned and operated by Alex Alexandrov and Jason Butcher.

Alexandrov is originally from Ukraine but moved to Canada at a young age.