On their website, Software University in Bulgaria describe themselves as an ‘
educational center that creates real professionals in the world of programming.
‘
Recently, Software University listed an upcoming lecture by Ivan Kashukeev (Иван Кашукеев), titled “ONE COIN – revolutionary cryptocurrency”.
The listed description of the lecture suspiciously reads like OneCoin marketing PR:
Project OneCoin is a new kind of cryptocurrency generated by the success of Bitcoin.
This is not previously obtained currency. Members of the project will create market will dig coins and get profit.
OneCoin will be traded on a public exchange and design could help you achieve high yield through a simple and fair Compensation Plan. OneCoin will become the next successful cryptocurrency on the market!
The description goes on to list a number of points, in support of “Why ONECOIN is better than BITCOIN”.
What OneCoin, a
Ponzi points MLM business opportunity
, has to do with programming I have no idea. And I’m not the only one, with at least one student questioning the nature of the scheduled lecture.
Rather than engage their student body and address lectures promoting Ponzi schemes though, Software University instead silenced them.
Like most organizations, Software University has a Facebook page and it was here that student Iskren Ivanov first learnt of the OneCoin lecture.
Ivanov claims upon learning of the lecture, that they were ‘
dumbfounded when SoftUni published an event for a lecture related to the Ponzi scheme (read financial pyramid) OneCoin
‘.
In response to the listing, Ivanov raised the question of whether
Is it possible that a serious and authoritative organization, in my opinion, such as SoftUni is promoting a Ponzi scheme?
After posting his comment, Ivanov claims he was ‘
immediately banned from the page and can no longer access the event from their Software University’s Facebook profile
‘.
Ivanov has since complained about the university’s action on the official Software University forum. In his post, Ivanov goes into greater detail about his thoughts on OneCoin;
The creators of this Ponzi scheme are people who have extensive experience in the creation of Ponzi schemes.
The new thing is that they’ve used a Bulgarian citizen, Dr. Ruja, in order to register the company in Bulgaria. Because here you can escape prosecution (not as white countries have corrupt judiciary and ridiculous fines 10,000 lev for organizing Ponzi scheme).
The scheme works as follows. Attract people who pay certain amounts of money (some packages reach € 19,000 !!!) in exchange for receiving tokens, onecoin (read: tsifrichki computer) and some training for cryptocurrency.
Every few months the price of OneCoin increases and the amount of OneCoins doubles (money out of thin air?!?!).
Accordingly, the founders organized exchange where participants can sell OneCoin. The money for the payment of profits come only from newly attracted investors (Ponzi scheme).
For the
🤖 Quick Answer
What is the OneCoin controversy at Software University in Bulgaria?Software University in Bulgaria scheduled a lecture by Ivan Kashukeev promoting OneCoin as a revolutionary cryptocurrency. The lecture description contained marketing language claiming OneCoin would be traded on public exchanges and offer high yields through a compensation plan, raising concerns about promotion of a scheme later identified as a Ponzi operation.
Why did the university face criticism for hosting the OneCoin lecture?
The lecture promotion resembled marketing material rather than educational content, describing OneCoin's purported benefits without critical analysis. Critics argued the institution compromised its credibility as an educational center by providing a platform for promoting what appeared to be a fraudulent investment scheme.
How did students respond to the OneCoin lecture announcement?
Students called out the university for listing the lecture, questioning its legitimacy and educational value. Their criticism highlighted concerns about the institution's vetting process for speakers and the
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