Payment processor CoinPayments is still providing financial services to the $4 billion OneCoin Ponzi scheme.

This follows a categorical denial from CoinPayments in June 2022.

In an attempt to distance themselves from notoriety, OneCoin
created OneEcosystem
in 2021.

On April 12th, 2023, OneEcosystem uploaded a video titled “HOW TO TOP UP YOUR DIGITAL CASH WALLET” to their official YouTube channel.

The video presents different ways affiliates can invest money into OneCoin. At [1:03] into the video, various deposit option in euro are presented, with CoinPayments appearing as OneCoin’s payment processor.

Last year OneCoin featured CoinPayments in its marketing material. This was
shared by BehindMLM reader WhistleBlowerFin
on June 24th.

OneCoin has added a new feature to their OneEcosystem Portal which allows members to “top up” their OneLife Euro cash wallet by using real cryptocurrency via payment gateway called CoinPayments (registered to Cayman Islands).

Within 48 hours of that information appearing on BehindMLM, CoinPayments issued a statement on Twitter denying involvement with Onecoin.

Turns out that was a lie, with CoinPayments continuing to provide OneCoin with financial services all along.

OneCoin founder Ruja Ignatova sits on the
FBI’s top 10 most wanted list
.

Several OneCoin executives have been indicted in the US. The
OneCoin criminal cases
are in various stages, with some defendants awaiting sentencing and others yet to be convicted.

Despite the dismantling of OneCoin’s public executive team by US authorities, OneCoin continues to operate out of Bulgaria.

The Ponzi scheme is run by puppet CEO
Ventsislav Zlatkov
, who is believed to
work for organized crime interests tied to Bulgarian officials
.

CoinPayments is a crypto payment processor that operates under UAB Star Ventures, a shell company incorporated in Lithuania.

CoinPayments is owned and operated by Alex Alexandrov and Jason Butcher.

Alexandrov is originally from Ukraine but moved to Canada at a young age. Alexandrov relocated to the
notorious crime capital Dubai
a few years ago.

Butcher, believed to be a Canadian national, is hiding out in the Cayman Islands.

Most of the OneCoin arrests pertain to money laundering, in addition to other criminal charges.

CoinPayments has a history of assisting fraudulent MLM schemes with laundering money.

in March 2019 the PowerBot Ponzi scheme
blamed CoinPayments
for its collapse

in June 2019 the CFTC revealed the Control Finance Ponzi scheme had
laundered ~$150 million through CoinPayments

in February 2021 the SEC revealed
Krstijan Krstic used CoinPayments
to launder Ponzi funds

in July 2022 BehindMLM noted
CoinPayments was being used to launder NexusICO Ponzi funds

in November 2022 US authorities
recovered 3658 BTC of stolen EminiFX investor funds
sent to CoinPayments

in October 2022 the NovaTech FX Ponzi scheme
blamed ongoing withdrawal delays on CoinPayments

Whether US authorities will go after Coi

🤖 Quick Answer

Is CoinPayments still processing transactions for OneCoin?
Yes, CoinPayments continues providing financial services to OneCoin despite denying involvement in June 2022. Evidence includes a April 2023 OneEcosystem video demonstrating CoinPayments as a deposit option for OneCoin investments, contradicting previous statements and indicating ongoing association with the $4 billion scheme.

What rebranding strategy did OneCoin implement?
OneCoin created OneEcosystem in 2021 to distance itself from negative reputation. This subsidiary platform continues promoting OneCoin investments while featuring CoinPayments as payment processor in marketing materials and instructional videos.

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