Documentary On $4 Billion Cryptocurrency Ponzi Scheme

The infamous “One Coin” scam cryptocurrency Ponzi Scheme, which defrauded investors out of $4 billion, has inspired a three-part documentary- Variety reports.

With the support of Channel 4 in the U.K., Sky Deutschland GmbH, and international television production and distribution business Fremantle, the new initiative has a lot of commercial potential.

The documentary, titled “Crypto Queen,” was co-produced by Tondowski Films and DARE Pictures. According to DARE Pictures’ founder and CEO Derren Lawford, there will be many of “surprise surprises.”

The Bulgarian entrepreneur Ruja Ignatova, who was the brains behind the significant fraud, will be the subject of the project. The alleged “crypto queen” advertised her idea as the “Bitcoin killer” that would overtake Bitcoin as the most popular cryptocurrency in the world.

The Ponzi scheme lacked a blockchain model

It was nonetheless able to draw investors from all around the world. In a multi-level marketing plan, prizes in the form of tokens were given to customers who purchased instructional products (MLM).

After several nations began looking into OneCoin in 2016 in response to growing claims that it was a Ponzi scheme, cracks began to appear.

Ignatova vanished inexplicably in 2017 following the failure of her initiative. The co-founders of the project, however, were detained in the years that followed.

The soon-to-be-released documentary, which was shot in a number of nations, will provide unique insights into one of the greatest bitcoin frauds ever. Producers of the film spoke with numerous scam victims as well as former staff members of the business.

The documentary “Trust No One: The Hunt for the Crypto King” on the shuttered QuadrigaCX cryptocurrency exchange was released by Netflix back in March.

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