Security Incident
OneCoin Scam: $440.00M Reported Loss
On December 14th, the Procuratorate of Cordoba, Argentina prosecuted 12 scammers involved in the OneCoin cryptocurrency Ponzi scheme and ordered their arrests last Thursday.
- Reported loss
- $ 4,40,000,000
- Attack category
- Scam
Incident Overview
Eight of them have been arrested. It was previously reported that the OneCoin Ponzi scheme caused relevant investors to suffer a total of US$4.4 billion in financial losses from their investment in the project from April 2014 to March 2018.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.