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Fortune
Fortune
Ben Weiss

What really happened to the ‘Cryptoqueen’?

Ruja Ignatova is shown as one of the FBI Ten Most Wanted Fugitives. (Credit: Kelly Wilkinson—IndyStar/USA TODAY NETWORK/Reuters)

The “Cryptoqueen” vanished more than five years ago with more than $4 billion, and at least one report said she was murdered roughly a year later.

A new police document, published by Bulgarian investigative outlet BIRD, or the Bureau for Investigative Reporting and Data, suggests that Ruja Ignatova, who disappeared in 2017 after scamming investors with a fake cryptocurrency, was killed in a hit ordered by a Bulgarian crime boss.

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