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Author: Admin | 2025-04-27
Persuaded millions to purchase her new crypto currency "OneCoin" - something which she dubbed the "Bitcoin Killer" in 2014. She boasted it was faster, cheaper and more secure than its rival - with people from 175 countries signing up to get rich quick. Despite the promises of riches however, OneCoin is believed to be a giant ponzi scheme which sucked in some $4billion from unwitting customers.With no blockchain set up - the digital ledger that acts the foundation to manage crypto - the coin was worthless. It is one of a number of failed crypto currencies - if it was ever meant to be a success.The so-called "CryptoQueen" remains on the run - and her brother Konstantin in 2019 pleaded guilty to fraud and money laundering in connection with the scheme.KIM'S CRYPTO CRIMS6Kim Jong-un's state backed hackers are believed to have stolen $2billion in cryptoCredit: APNorth Korea is suspected to have carried out around $2billion worth of crypto hacks as they scoop up the coins to prop up Kim Jong-un's failing state.Kim's hacker unit - known as the Lazarus Group - are suspected to have stolen $275million from cryptocurrency exchange KuCoin, in what was the biggest crypto crime of 2020.Bitcoin, Ethereum and other coins were all snatched by the group which is believed to funnel the cash back to the North Korean state.Cyber crime is becoming a key part of Kim's economy as he attempts to keep the money flowing so he can develop nukes.Chainalysis was able to attribute the KuCoin hack to the North Korean hacking group by looking at how the stolen funds were laundered - describing it as like finding "fingerprints". KuCoin has around six million registered users, and the attack highlights the risk of using digital exchanges to store your crypto. EXCHANGES UNDER SIEGE6Coincheck were attacked by hackers - losing $523million in cryptoCredit: AlamyKuCoin is just one of many exchanges to have been breached by cyber criminals who consider them targets for a potentially major haul of treasure.Japanese exchange Coincheck was breached to the tune of some $532million in 2018 in a suspected attack by Russian
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