Scam Alert

Differentiating Blockchain and Ponzi schemes like Onecoin

OneCoin in a ponzi scheme that is promoted by offshore companies OneCoin Ltd (Dubai) and OneLife Network Ltd (Belize), both founded by Dr. Ruja Ignatova, who went missing in 2017. After her disappearance, the OneCoin leadership was taken over by her brother Konstantin Ignatov, who was in March 2019 arrested in Los Angeles for charges …

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Cryptocurrencies Investor Alert

The Blockchain Association of Uganda is issuing this investor alert to warn the general public about fraudulent investment schemes that may involve bitcoin and other cryptocurrencies.   A Ponzi scheme is an investment scam that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new …

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