• Bulgarian national Irina Dilkinska has been charged with fraud and money laundering related to the notorious crypto pyramid scheme Onecoin.
• Dilkinska was the head of legal and compliance at Onecoin, accused of enabling the company to launder millions of U.S. dollars through shell firms.
• The founder of Onecoin, Ruja Ignatova, is still wanted by Interpol, Europol and FBI with a possibility that she might have been murdered in 2018.
Charges against Former Onecoin Executive
Authorities in the U.S. have announced charges against a former Onecoin executive for her alleged role in the notorious crypto pyramid scheme. Bulgarian national Irina Dilkinska may face up to four decades in prison if found guilty on counts of fraud and money laundering.
Extradition from Bulgaria
Judicial and law enforcement officials in the U.S. have pressed charges against a 41-year-old woman in connection with her participation in Onecoin, one of the largest scams in crypto history. Irina Dilkinska was extradited from Bulgaria, where the massive crypto Ponzi scheme was based. Established in 2014, Onecoin offered investors a fake cryptocurrency by the same name, branded as ‚the Bitcoin killer‘ at a point, through a global multi-level-marketing network according to its own materials.
OneCoin’s Alleged Money Laundering
Dilkinska was accused of enabling Onecoin to launder millions of U.S. dollars through shell firms as allegedly stated by authorities and companies created by her were also used to hold property on behalf of founder Ruja Ignatova –a Bulgarian-born German citizen– who disappeared less than two weeks after she was charged with fraud and money laundering in 2017 U.S District Court for Southern District Of New York .
Charges Against Dilkinska
Dilkinska has been charged with one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering which each carry maximum potential sentence of 20 years imprisonment; she is also accused burning documents related to this case before leaving Bulgaria for US last December 2020 when an arrest warrant was issued against her .
The mastermind behind this scam dubbed ‘the missing Cryptoqueen’ is still wanted by Interpol , Europol ,and FBI ; while recent media reports suggest that she might have been murdered back 2018 .
• Egyptian police have arrested 29 individuals associated with the Hoggpool cryptocurrency mining app scam.
• 95 mobile phones, 3,367 SIM cards and currency valued at $194,000 were seized during the arrests.
• It is believed that up to 800,000 people may have fallen victim to the scam.
Arrests Made by Egyptian Police
The Egyptian police recently arrested 29 individuals thought to be the masterminds of a cryptocurrency mining app scam known as Hoggpool. During the arrests, 95 mobile phones and 3,367 SIM cards were seized in addition to domestic and foreign currency worth $194,000.
Victims of The Scam
It is believed that as many as 800,000 people may have been victimized by the scam according to a lawyer representing over 1,000 victims from Cairo alone. The masterminds behind this scheme used 88 digital wallets in order to receive funds from investors before redistributing it across 9,965 wallets and converting it into BTC before taking it out of Egypt.
Promises of High Returns
The alleged scammers were able to lure victims by promising them an unrealistic high return on investment despite trading or using cryptocurrency being prohibited in Egypt. For instance they offered investors an option where they would pay $10 initially with a daily payout of $1 or one where they pay $800 for a mining machine that pays out $55 per day.
Forged Documents Used
In order to further entice potential investors into investing in their scheme, these criminals also resorted to using forged documents such as certificates supposedly issued by the Office of Secretary State of Colorado which stated that Hoggpool was in good standing with them when it was not true at all.
Despite making these arrests and seizing items related to their crimes, investigations are still ongoing in order for authorities to assess how much money has been lost due investors falling prey to this fraudulent scheme.
• This press release is about CoinEx, a global crypto exchange, launching Strategic Trading.
• The feature provides Auto-Invest Plan that helps investors set out sound investment plans and stay ahead.
• It offers versatile trading strategies to meet different user needs with “lazy” or “foolproof” operations.
What is Trading Strategy?
In traditional financial markets, a trading strategy refers to a comprehensive plan covering all trading activities and guiding investors to execute their target trades. In the world of crypto, it refers to predetermined plan or trading behavior designed to help traders profit from buying or selling cryptos in both long and short markets. With an effective trading strategy, users can take prompt countermeasures during extreme market conditions and minimize losses. A mature and well-designed trading strategy enables users to take advantage of market swings, make easy investments, and maximize profits or minimize losses. Generally speaking, it may cover target cryptocurrency/ project selection; use of professional platforms such as crypto exchanges and market monitoring platforms; mastery of crypto tools and indexes; setting up trading time & stop-loss conditions; minimizing the influence of emotional decisions.
Requirements for Beginner Investors/ Retail Users
For beginner investors or retail users, investing in crypto should be easily accessible preferably with „lazy“ or „foolproof“ operations without complex parameters or programming/trading scripts needed. Additionally, the platform should offer versatile strategies meeting various user needs: conservative investments for stocking up coins while minimizing risks & costs versus seizing volatile market trends for quant trading etc.
CoinEx’s Strategic Trading Launch
In February 2023 CoinEx launched Strategic Trading segment featuring Auto-Invest Plan that meets these requirements by helping users set out sound investment plans & stay ahead by mitigating potential risks with easy access & wide range of versatile strategies for all sorts of scenarios & corresponding measures for maximizing profits & minimizing losses.
A comprehensive and well-designed trading strategy is crucial for investors as it helps them take advantage of market swings while making easy investments aiming at maximum profits & minimum losses which was met by CoinEx launching Strategic Trading segment featuring Auto-Invest Plan that meets these requirements with easy access & wide range of versatile strategies available for all types of scenarios.