“Legal investigation” offlines OneCoin.eu
Upon investigation, a representative from EurID, the domain’s registry, confirmed to the publication that the website was offline due to the criminal proceedings against OneCoin.
“The domain name is under legal investigation. Please further check our WHOIS for the status of the domain name,” a written response reads.
The legal case last month closed in on a lawyer associated with co-founder Ruja Ignatova, who prosecutors claim is responsible for helping her launder proceeds worth $400 million.
In the ensuing years, successive governments worldwide issued warnings about the scheme’s operations, which promised huge returns for comparatively tiny investments.
Controversy continues to swell around another cryptocurrency project this month. The creator of altcoin HEX, Richard Hart, attracted widespread accusations of foul play after making various promises including free tokens to Bitcoin (BTC) holders.
HEX describes itself as “the first high interest paying Blockchain.”