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Home Business

OneCoin Scam and the Hunt for the Missing Cryptoqueen

Intelligence Squared by Intelligence Squared
July 29, 2022
in Business
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OneCoin Scam and the Hunt for the Missing Cryptoqueen
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In 2016, on stage at Wembley Arena in front of thousands of fans, Dr Ruja Ignatova promised her followers a financial revolution. The future, she said, belonged to cryptocurrencies such as Bitcoin. And the Oxford-educated, self-styled cryptoqueen promised that the cryptocurrency she had created – OneCoin – would not only earn its investors untold fortunes but also change the world.

A year later investors had bought more than $4 billion-worth of OneCoin. The true believers lived all over the world – in the USA, Pakistan, Hong Kong, Yemen, the UK, Brazil and beyond. But in October 2017 Ruja Ignatova disappeared from public view, and it slowly became clear to her followers that her revolutionary cryptocurrency was in fact one of the biggest scams in history.

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In June 2022 Jamie Bartlett came to Intelligence Squared with Layla Begum and Carl Miller to tell the shocking story of Dr Ruja and OneCoin. He drew from his new book The Missing Cryptoqueen to explain how organised crime, influencer culture and hype around cryptocurrencies combined to dupe some of the world’s poorest people into thinking they had discovered a route out of poverty. Bartlett also discussed the broader questions around cryptocurrency’s future and his ongoing hunt to find the cryptoqueen, who has been in hiding for five years and was recently added to EUROPOL’s most wanted list.

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Comments 35

  1. Benjamin Dover says:
    3 years ago

    Oh I think we can rest assured that she is floating face down in a river somewhere and the puppetmasters are drinking mimosas on a beach.

  2. Lera Pavelko says:
    3 years ago

    LP reacted d ryt way, she is Savilaa.Uno need of over drama, or over consider ations. She don't deserve *considerationsk. Lp പറഞ്ഞ പോലെ,, ജീവിതം തുടങ്ങിയല്ലേ ഉള്ളു, പഠിക്കട്ടെ.

  3. Igor Mora says:
    3 years ago

    que Vaniaa.Uno encantan tus videos. Bendiciones hermosa Celina que Dios te cuide donde quiera los mortalesr abian apreciado tan hermosa mujer

  4. Text👉 STOCKHACKER247 on telegram says:
    3 years ago

    SECOND PAYMENT 👆TRANSFER FROM, THEY DID’NOT RENEGED ON THEIR WORDS, AND I’M HAPPY I DID’NOT GET INTO TROUBLE DEALING WITH THEM, HAVE EARN A LOT OF BTC USING THEIR SERVICE BELOW👆.

  5. GRAMCODES01 on Instagram says:
    3 years ago

    👆👆Thank you sir for been there for me at the right spot I needed you to because I had a lot of money in my wallet and it was hacked but vou came to my rescue..

  6. GRAMCODES01 on Instagram says:
    3 years ago

    👆👆Thank you sir for been there for me at the right spot I needed you to because I had a lot of money in my wallet and it was hacked but vou came to my rescue..

  7. Ledeya Baklykova says:
    3 years ago

    The FBI will soon arrest her and assign her OneCell

  8. Franklin Grey says:
    3 years ago

    So sad. Scammers are cruel, I was a victim once luckily got my $23,600 back. Thanks to the man who made it Possible. TBH he is a life saver #GRINDTECHIEI•

  9. Kok Aun Teh says:
    3 years ago

    Onecoin 又再变多两年了,真的是个诈骗老千集团😭

  10. check 💌R2HACKKY on Instagram says:
    3 years ago

    ⬆️🚀🚀I'm so amazed I got my $500,000 worth Bitcoins recovered through the name above at the ⬆️, He is the best, Message him

  11. check 💌R2HACKKY on Instagram says:
    3 years ago

    ⬆️🚀🚀I'm so amazed I got my $500,000 worth Bitcoins recovered through the name above at the ⬆️, He is the best, Message him

  12. Bogere Edgar says:
    3 years ago

    Lies only you were paid for this propaganda..one coin is true,with a blockchain and

  13. Bogere Edgar says:
    3 years ago

    Liars

  14. Seefood says:
    3 years ago

    NFT is very much a pyramid scheme. I highly recommend you watch "Line goes up" here on youtube. and that was the situation 5 months before that market crashed.

  15. Alexandre Cunha says:
    3 years ago

    what keeps surprising me is the people that make highly speculative investments and claim that they thought it would be according to their religion. No "decent" religion would find acceptable to accumulate such amount of wealth in such small amount of time… People are so greedy, they just come up with some weird/outlandish rationale why what they do is somehow allowed by their religion. I think it is deserved that they lost all their money. Hopefully the scammers are also caught and punished.

  16. Collin Tee says:
    3 years ago

    Why only now hunt for the cryotoqueen? It's because cryptocurrencies are falling off the cliff recently.

  17. royed31 says:
    3 years ago

    Pyramid Schemes attracts the stupid and gullible and they will never stop because there are so many stupid and greedy people trying to get rich from doing nothing

  18. Environ Pest Control says:
    3 years ago

    Great podcast, looking forward to the follow up, I would be interested to hear what the panel think about the existing cryptocurrencies and wether they feel that they’re also Ponzi schemes

  19. VI Tech says:
    3 years ago

    I am from Bulgaria, left the communist Bulgaria 30 years ago & witnessed how the Communist officials stole the 10billion USD in 2 years only. Ruja Ignatova was born in Germany but her parents were well connected with the old Bulgarian Communist top clan. How on Earth her parents will have the money to educate her in Oxford to become a PhD in International Law & holds an International Diplomatic Passport.She is still bribing top officials in many countries to evade the Law that she is knows so well. We the natives believe she is hiding in Ukraine or Russia because of her family connections with the Old Communist Officials. Russia NEVER supported Interpol or any other Western organization.

  20. jhk ahu says:
    3 years ago

    Another pointless conversation. The whole capitalistic system is one big scam and that's that. Laws don't work against the rich.

  21. gramcodes01 on Instagram says:
    3 years ago

    The name above thanks a lot for the recovery you did I hope and pray everybody get to know about you. You're a life saver

  22. gramcodes01 on Instagram says:
    3 years ago

    The name above thanks a lot for the recovery you did I hope and pray everybody get to know about you. You're a life saver

  23. No comment says:
    3 years ago

    Dr ruja and Konstantin go jail oh dear I hope they fight that back

    But now has been replace new CEO take over now they Onecoin is continue…….

  24. Ndndjdbetter Jensen says:
    3 years ago

    No matter what every one says about this one coin scheme plus the government lawsuit against one coin can costomers that lost 😡 money be able to get thier money back?? What ever you saying has no need , just talk about how we gonna get our money back cos the money is on boats , houses and various assets and even Bitcoin so the government should sell all under Onecoin or Ruja or whoever scots and seize those assets to pay us cos I lost 😡 money and waiting to be paid

  25. Ndndjdbetter Jensen says:
    3 years ago

    Why are you hiding where she might be cos I think you know her and you can get the compensation

  26. mark johnston says:
    3 years ago

    This woman is so stupid. Zero sympathy

  27. ʻUmar ibn al-Khaṭṭāb Malaysia says:
    3 years ago

    Laila did you know that in one coin team mostly people was uk Pakistani .where they are ? why the UK government not arresting them. my few friends lost a big money in one coin.
    one coin have cheated a lot of poor people in many different countries. If not make mistake back in 2016 I attended one meeting here in Dubai after the meeting I told my friend this is totally ponzi scheme.

  28. ʻUmar ibn al-Khaṭṭāb Malaysia says:
    3 years ago

    FBI looking for one coin team .

  29. ʻUmar ibn al-Khaṭṭāb Malaysia says:
    3 years ago

    Laila if you have done any marketing for one coin that mean you have done a big mistake in your life please pray deeply and ask Allah to forgive you. Laila now your duty to help your local authorities find the people who was involved. If I not make mistake few UK Pakistani people was working with one coin team which I show in youtube shows.
    Jamie I was the person who keep telling my friends and people to don't invest in one coin it's totally ponzi scheme.

  30. Crazy Clown says:
    3 years ago

    TwoCoin will be out soon

  31. ʻUmar ibn al-Khaṭṭāb Malaysia says:
    3 years ago

    Jamie I totally agree with you. 👍👍👍

  32. Stephen Ede-Borrett says:
    3 years ago

    Excellent broadcast but I can see again the 'South Sea Bubble'. Whatever investors later claim their main incentive is/was greed – to make a lot of money, quickly, easily and without any effort. Hey presto the greed of the investor is turned against them and they fall prey to what should have been an obvious con from the start. I feel no sympathy for the 'investors' (I refuse to acknowledge 'victims') who fall prey to their own greed and get scammed. As has been said it WILL happen again and different people will believe in another 'get rich quick' scheme and then cry foul when it turns out that they have been scammed.

  33. Karl D. Marx says:
    3 years ago

    Casino Capitalism at its finest.

  34. Karl D. Marx says:
    3 years ago

    I am glad to see how stupid some smart people can be when greed is shrouding their senses.

  35. Karl D. Marx says:
    3 years ago

    Perhaps people should be thinking about real things that grow, e.g.bamboo or hemp. Poor people don't have spare cash to invest …

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