Igor Alberts, a figure previously linked to the OneCoin cryptocurrency scheme, recently appeared at a DagCoin promotional event in Tallinn, Estonia. Alberts, who reportedly profited millions from OneCoin, is now advocating for DagCoin, a venture launched by another former OneCoin participant.

Alberts’ strategy for promoting DagCoin involves publicly denouncing the very Ponzi scheme from which he allegedly amassed significant wealth. BusinessForHome reported in late 2017 that Alberts was still earning an estimated $2.4 million monthly from OneCoin. However, he has since shifted his allegiance to DagCoin.

DagCoin operates as a multi-level marketing offering similar to OneCoin. Its launch followed OneCoin’s indefinite suspension of return on investment withdrawals in January of the previous year.

During the event, after an introduction by Kari Wahlroos, another individual associated with OneCoin, Alberts took the stage. He acknowledged the peculiar circumstances of his presence, stating that while exciting, it was also "a little bit weird." He spoke of a previous belief in "changing the world" that later collided with an "inconvenient truth."

Alberts then recounted his thirty-year history with multi-level marketing. He returned to the topic of OneCoin, describing an opportunity that promised "the future of payments" and a chance to make the world "a more honest and better place." He admitted to becoming so invested in this idea that he "forgot to see the reality."

He explained that while his vision and mission were sound, he had pursued them with the "wrong vehicle." Comparing OneCoin to a bicycle when he needed a "plane or rocket," Alberts suggested that the scheme was a version of "the Wizard of Lies." He likened OneCoin's business model to the Titanic, stating that instead of achieving its stated goals, it was headed for icebergs.

Alberts implied that the "captain of the ship," a clear reference to OneCoin founder Ruja Ignatova, allowed the vessel to sail into danger and then disappeared. He noted the absence of any executive leadership, such as a CEO or CTO, within the company. Alberts described a feeling of shock and despair upon realizing the extent of the situation, especially after leading a team of 337,000 people into what he now calls "nothing."

He confessed to misdirecting his team, calling it "possibly the biggest mistake of my life." Alberts detailed how, on his advice, individuals close to him, including his bodyguard and house-minder, took out loans against their homes to invest in OneCoin. He admitted that he provided this counsel despite knowing OneCoin's projections were not aligned with its actual operations.

Alberts claimed that for three years in the industry, he lacked a clear understanding of blockchain technology, only grasping it recently. He stated that he believed other companies, like DagCoin, did not possess such technology, implying a lack of technical expertise in those operations.