The founding father of OneCoin, Ruja Ignatova, is now on the FBI’s Ten Most Needed record after she allegedly defrauded over $4 billion from buyers, CoinDesk reported Thursday (June 30).
Ignatova had been the chief and public face of OneCoin, which started in Bulgaria in 2014. She advised buyers that the OneCoin crypto might be mined and had worth, although this apparently was unfaithful — the coin didn’t exist on a blockchain and Ignatova and her staff misled buyers as to its worth.
Ignatova has been on the run since 2017, when she disappeared from the general public eye, the report famous. In 2019, a category motion lawsuit was filed towards Ignatova, OneCoin and quite a few OneCoin executives.
In the meantime, cryptocurrency trade CoinFlex stated it is not going to be resuming withdrawals on Thursday because it had deliberate.
The trade will as an alternative proceed elevating funds to assist make up for the shortfall of $47 million triggered by a shopper’s default, in accordance with a Bloomberg report. The hassle will include a brand new coin which can supply a 20% annual return, though CEO Mark Lamb has not stated how a lot cash has been raised.
In different information, CNBC reported Thursday that FTX is nearing a deal to accumulate crypto lender BlockFi for pennies on the greenback, citing sources accustomed to the matter.
The deal is more likely to be signed by the tip of the week, per the report. FTX will doubtless pay round $25 million, which comes out to 99% under BlockFi’s final non-public valuation — which got here out to $4.8 billion, in accordance with PitchBook knowledge.
Each FTX and BlockFi refused to touch upon the matter. Friday can also be the tip of the quarter, and this can be a catalyst for getting a deal signed, sources stated.
Lastly, Celsius Community, the crypto lender which had halted withdrawals over two weeks in the past, is now wanting into methods to return to regular, together with “strategic transactions in addition to a restructuring of our liabilities.”
The corporate made its assertion in a weblog put up, although it didn’t elaborate additional. Celsius, which lets customers lend out their cash, halted withdrawals on June 12 due to the risky financial system.
A number of different crypto companies have additionally been coping with instability, together with Babel, BlockFi and hedge fund Three Arrows Capital.
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NEW PYMNTS DATA: HOW UTILITIES AND CONSUMER FINANCE COMPANIES CAN ENHANCE THE BILL PAYMENTS EXPERIENCE
About: Greater than half of utilities and shopper finance corporations have the potential to course of all month-to-month invoice funds digitally. The kicker? Simply 12% of them do. The Digital Funds Edge, a PYMNTS and ACI Worldwide collaboration, surveyed 207 billing and collections professionals at these corporations to be taught why going completely digital stays elusive.
