Irina Dilkinska, the former head of compliance at OneCoin, has pleaded guilty to charges of wire fraud and money laundering. Dilkinska, who served as “Head of Legal and Compliance” for the cryptocurrency project, admitted to facilitating the laundering of millions of dollars in illicit profits. Despite her position, she actively participated in the day-to-day operations of OneCoin, including transferring $110 million in fraudulently obtained proceeds. The maximum potential sentence for her charges is five years in prison each, and her sentencing is scheduled for February 14, 2024.OneCoin, founded in 2014, operated as a global multi-level-marketing network based in Sofia, Bulgaria. The cryptocurrency claimed to offer lucrative yields based on the amount of tokens users held on a phony platform. However, it turned out to be a fraudulent scheme that duped millions of people worldwide, with victims investing over $4 billion.The alleged mastermind behind OneCoin, Ruja Ignatova, also known as the “Crypto Queen,” remains at large. Ignatova vanished before being charged with fraud and money laundering in 2017 and her whereabouts are unknown. The FBI has placed her on the Top Ten Most Wanted List, offering a $100,000 reward for information leading to her arrest.The scheme was eventually shut down after victims reported it to local authorities and multiple governments intervened. Media reports in 2022 suggested that Ignatova may have been assassinated off the coast of Greece by a Bulgarian drug lord involved with the project. However, these claims were never substantiated. The FBI continues to seek information about Ignatova’s whereabouts.

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Information	Details
Geography	Europe
Countries	🇧🇬 🇰🇾 🇬🇷
Sentiment	negative
Relevance Score	1
People	Irina Dilkinska, Ruja Ignatova, Damian Williams
Companies	OneCoin, FBI, U.S. Attorney for the Southern District of New York
Currencies	None
Securities	None