OneCoin offices were attacked and its servers seized in Sofia, Bulgaria, 17 and January 18, a new stage of a series of international raids and trials against the very controversial altcoin. Although the servers have been shut down, OneCoin remains operational.

The raid took place at the request of the prosecutor's office in Bielefeld, Germany, and was conducted by representatives of the Bulgarian police and the European Union. anti-crime units. The founder of OneCoin, Ruja Ignatova, was born in Bulgaria but has German citizenship

OneCoin, which stands as a centralized model [that] protects the security of its members and ensures compliance with the LMA [anti-money laundering] "does not fit the definition of a cryptocurrency because it is not decentralized, does not work on open-source software, and has no public register.

Documents and servers were seized "One Network Services" EOOD, a Bulgarian company acting as representative and distributor of OneCoin, along with 14 other companies 50 witnesses were interviewed during the raid, but no arrests have yet been made.

The company is officially registered in the United Arab Emirates under the name "OneCoin Ltd.", but according to the Bulgarian police report, the company operates through

"Hundreds of affiliated companies on 4 continents […] [which] are studied in England, Ireland, Italy, USA, Canada, Ukraine, Lithuania, Latvia, Estonia and many others

A representative of OneCoin faced fraud charges in Kazakhstan in May 2017 and in India, police arrested 23 people related to the OneCoin pyramid scheme in July 2017.

More recently, in August 2017, the Italian Antitrust and Consumer Protection Authority (AGCM) qualified OneCoin a Ponzi scheme and fined them 2.5 million euros, the first financial fine of the company.

a Ponzi scheme, warning readers to stay out of the money.