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OneCoin’s co-founders, Bulgarian nationwide Ruja Ignatova and joint U.Okay. and Swedish citizen Karl Greenwood, promoted the fictional cryptocurrency – which by no means existed on any blockchain – by means of a form of multi-level advertising scheme, paying preliminary traders to herald extra traders. By the point OneCoin was revealed to be a rip-off, an estimated 3.5 million individuals had fallen sufferer.
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