Investor sued cryptocurrency issuer OneCoin over $4 billion pyramid scheme

Cryptocurrency issuer OneCoin, which allegedly ran a $4 billion pyramid scheme, has been sued by an investor who's seeking class-action status for the suit to include others who say they were scammed.

“OneCoin’s principals and promoters duped investors worldwide into a reported $4 billion in investments in a cryptocurrency that never really existed," the plaintiff's lawyer David Silver told The Block. "The size of the scam is staggering, as is the audacity of the people who not only pulled it off but who continue to defend it and promote it to this day.”

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