Hack history / 2020 / Fraud
OneCoin
Fraud on Dec 14, 2020 · Scam
LEGAL ACTIONONE SOURCE · 1 SOURCE
Lost
$440M
dollars at the time
Returned
none listed
as the sources state it
Rank
not ranked
collapses, frauds and later news are not ranked
What happened
On December 14th, the Procuratorate of Cordoba, Argentina prosecuted 12 scammers involved in the OneCoin cryptocurrency Ponzi scheme and ordered their arrests last Thursday. 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.
Details
- Date
- Dec 14, 2020
- Kind
- Fraud
- Method
- Scam
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- not stated
- Chains
- not stated
Legal action
- 2022-12-16 · Guilty plea · US DOJ: Co-Founder Of Multi-Billion-Dollar Cryptocurrency Pyramid Scheme “OneCoin” Pleads Guilty ↗
US Department of Justice press releases that name this incident. A charge is an allegation; defendants are presumed innocent unless proven guilty.
Reported by
Related incidents
Cite this page
SwanBluechip, "OneCoin fraud, Dec 14, 2020: $440M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht2523623b75/ (data as of 2026-11-01).