blockchain

DOJ Arrests Chief Of OneCoin, Says It Was Multi-Billion-Dollar Pyramid Scheme

DOJ Arrests Chief Of OneCoin, Says It Was Multi-Billion-Dollar Pyramid Scheme

Authorities on Friday announced the arrest of one of the founders of Bulgarian cryptocurrency business OneCoin, saying it was nothing more than a pyramid scheme designed to defraud users. While crypto scams are disturbingly common, according to a Department of Justice press release, prosecutors allege that this particular fraud ran…