UK Court Freezes Assets of Cryptoqueen Ignatova

The UK High Court has issued a worldwide freezing order on the assets of Ruja Ignatova, the infamous 'Cryptoqueen,' and several associates involved in the $4.5 billion OneCoin Ponzi scheme. Ignatova, who has been missing since 2017, defrauded investors under the pretense of launching a 'Bitcoin killer.' This order, part of a group action by over 400 defrauded investors, also targets OneCoin co-founder Sebastian Greenwood and others accused of laundering funds. Despite the asset freeze, efforts to locate Ignatova have been unsuccessful, with US authorities offering a $5 million reward for information leading to her arrest. The freezing order aims to prevent the sale or movement of assets, potentially aiding victims in recovering their lost investments.