Cryptocurrency scam OneCoin website ceases operations

A few months after U.S. authorities sued one of its founders for fraud, the cryptocurrency scam OneCoin website finally stopped operating. Earlier news, OneCoin's cryptocurrency Ponzi scheme involved financing up to 4 billion pounds (about 4.4 billion US dollars) worldwide. Although the court has not formally sentenced, Ignatov has already faced up to 90 years in prison for fraud. In addition, U.S. lawyer Mark Scott was convicted of money laundering in the $ 5 billion OneCoin cryptocurrency scam and faces 50 years in prison.