The elusive “Crypto Queen” Ruja Ignatova, mastermind behind the infamous OneCoin scam, remains a thorn in the side of law enforcement despite a significant bump in the reward for her capture. The US State Department upped the ante to a staggering $5 million this week, the latest move in a years-long chase that has captivated the world of cryptocurrency.

Ghost Of The Crypto Queen

Ignatova, once dubbed the Crypto Queen for her flamboyant persona and promises of revolutionary digital currency, vanished in 2017 shortly before being indicted for fraud. OneCoin, the project she co-founded, promised investors unimaginable returns on a supposedly groundbreaking cryptocurrency. However, authorities allege it was nothing more than a meticulously crafted Ponzi scheme that swindled billions from unsuspecting victims around the globe.

Net Closes On OneCoin Operatives

While Ignatova has managed to stay one step ahead of the law, a web of her associates haven’t been so lucky. Her co-founder, Karl Sebastian Greenwood, is currently serving a 20-year sentence after extradition from Thailand.

Even Ignatova’s own brother, Konstantin, faced prison time after pleading guilty to money laundering and fraud charges. OneCoin’s former head of compliance, Irina Dilkinska, also recently joined the growing list of convicted OneCoin operatives.

Total crypto market cap at $2.2 trillion on the daily chart: TradingView.com

The Crypto Queen’s Disappearance: A Mob Mystery?

Ignatova’s escape from capture has fueled speculation and conspiracy theories. The FBI believes she might have undergone plastic surgery to alter her appearance and may be using a German passport. Some investigators have even ventured into the dark underbelly of organized crime, suggesting Ignatova may have met a grisly end at the hands of a Bulgarian crime lord with whom she was allegedly affiliated.

The Hunt Heats Up

The hefty reward signifies a renewed push by authorities to bring Ignatova to justice. The FBI is urging anyone with information to come forward, with the promise of anonymity if necessary. Social media has become a battleground as well, with dedicated channels disseminating information about Ignatova and the OneCoin scam in the hopes of generating leads.

Beyond The Reward: A Fight For Justice

The capture of Ignatova transcends the promise of a hefty reward. It represents a chance for closure for the countless victims who lost their life savings in the OneCoin scheme. Bringing Ignatova to justice would also serve as a stark warning to those who seek to exploit the burgeoning world of cryptocurrency.

The Crypto Queen may be a ghost for now, but with a net tightening around her and a record-breaking reward on the table, her days as a fugitive may be numbered. Law enforcement is determined to make her pay for the trail of devastation she left behind.

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