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PC Gamer
PC Gamer
Rich Stanton

FBI puts a $5 million bounty on the missing Cryptoqueen—'We will probably know within a few weeks if it’s worked'

FBI 10 Most Wanted poster.

In July 2022 Ruja Ignatova, the self-styled 'Cryptoqueen' behind a pyramid scheme called OneCoin, was placed on the FBI's Top 10 Most Wanted list. The Belgian-born Ignatova, accused of defrauding investors of billions, disappeared in 2017: the FBI reckons she travels with "armed guards" and "may have had plastic surgery".

Believe it or not, the plastic surgery may be the least sensational aspect of this story. OneCoin appeared in 2014 and was essentially a multi-level marketing scam with crypto at the core. The exchange was closed in 2017 and, following Ignatova's disappearance, she was subsequently charged with eight crimes in 2019, including wire fraud and securities fraud. The FBI added her to the most wanted list in 2022 with a $100,000 reward, later increasing it to $250,000. Now, it has increased that reward substantially: the question is why. 

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