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International Business Times UK
International Business Times UK
World
Vinay Patel

Who Is Ruja Ignatova: Cryptoqueen Who Defrauded Investors Out Of $4B Now Has $5M Bounty On Her Head

The hunt continues for Ruja Ignatova, accused of masterminding the massive OneCoin scam. Her story underscores the growing risks of cryptocurrency theft and fraud, despite increasing legal transactions (Credit: Wikimedia Commons)

One of the world's most wanted fugitives is not a terrorist or mass murderer, but rather a cryptocurrency founder, Ruja Ignatova, who now has a $5 million bounty on her head. Ignatova, a German citizen born in Bulgaria, is accused of masterminding one of the largest cryptocurrency scams in history, defrauding investors out of $4 billion (£3.3 billion) through a fictitious cryptocurrency called OneCoin in 2014.

The Disappearance of Dr Ruja Ignatova

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