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5 Of The Most Infamous Personalities From The Crypto World

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Individuals such as Elon Musk, Vitalik Buterin and Changpeng Zhao are revered by crypto investors and their statements have the power to move markets, but here are five figures on opposite ends of the spectrum. shows the list.

The crypto world is full of celebrities. People like Vitalik Buterin, Changpeng Zhao, and Elon Musk are respected by crypto investors and their words have the power to move markets. However, there are also personalities on the other side of the spectrum. These individuals are talked about just as often and appear in the news just as often, but they are all for the wrong reasons. Let’s see if we did.

Luya Ignatova

Ruja Ignatova is probably the most notorious person on this list. She is often referred to as the Queen of Cryptocurrency Ignatova is a convicted Bulgarian-German scammer and one of the biggest scams in cryptocurrency history She is OneCoin Ponzi Organized a scheme.

OneCoin’s primary business model revolved around selling course materials. In many ways, it resembled a multi-level marketing (MLM) scheme where people who purchased course materials were paid to recruit new buyers. The OneCoin project ran successfully between 2014 and 2016. It is believed that he siphoned over $4 billion from innocent investors during this period.

Project co-founder Sebastian Greenwood was arrested in the United States and sentenced to prison. Ignatova’s brother, Konstantin Ignatov, was also arrested and pleaded guilty to fraud and money laundering. But by the time authorities began cracking down on the company, Ignatova was already in hiding. She is believed to have taken a flight from Bulgaria to Greece, but she has been missing since. In her July of this year, the FBI added Ignatova to her most wanted list.

John McAfee

John McAfee was a British-American computer programmer and businessman, best known for developing the first commercial antivirus software, McAfee Antivirus. McAfee eventually sold its stake in the antivirus company and began pursuing several other business interests, including cryptocurrencies.

But instead of pushing the boundaries of technology and innovation, McAfee turned to pump-and-dump, facilitating ICOs to build small fortunes.

McAfee and his associates used his popular Twitter account to push niche cryptocurrencies and facilitate initial coin offerings, raising more than $13 million, according to court documents. Got it. Of course, this was done without disclosing that he was in a position to profit through his investment income or promotional expenses.

Faced with indictments from the SEC and multiple tax evasion cases, McAfee was arrested in Spain in October 2020 and was due to be extradited to the United States. However, he was found hanging in his cell in June 2021. His death has been shrouded in speculation and conspiracy theories about the possibility that he was murdered. Janice McAfee said she did not believe his death was a suicide and claimed that the suicide note found in his cell was fake. .

Gerald Cotton

Gerald Cotten is very famous among Canadian cryptocurrency investors. He was the founder of QuadrigaCX, once the largest cryptocurrency exchange in Canada. But when cryptocurrency prices crashed in 2018 and a client tried to withdraw funds from his Quadriga, things went awry. Most investors faced a deadlock and were unable to withdraw their funds.

Around the same time, Cotton is reported to have died while honeymooning with his wife in India. Cotten is believed to have owed more than $250 million to more than 76,000 investors. However, Cotten was the only one who had access to this amount because he was the only one who had the password to his wallet. His untimely death has therefore caused widespread speculation. Many users believed he orchestrated a full exit plan and faked his death to escape the funds.

The Netflix show — Trust No One: The Hunt for the Crypto King — explored these theories and interviewed several investors, regulators, and acquaintances of Cotten. Ultimately, Cotten turned out to be a crook and QuadrigaCX to be his Ponzi scheme. To make matters worse, he reportedly lost about $150 million in customer money to gambling, spending the rest on a lavish lifestyle.

Cornelius Johannes Steinberg

Cornelius Johannes Steynberg is the founder of a South African cryptocurrency exchange called Mirror Trading International Proprietary Limited (MTI). Steynberg said he founded MTI in May 2018 and remained operational until late 2020, at which point it became clear that the platform was actually a Ponzi scheme.

He fled South Africa in December 2020 and remained undetected for a full year. Then, in January 2022, Brazilian police received information that foreigners were using fake IDs. The person they arrested was none other than Cornelius Johann Steinberg. He was arrested and deported to the United States, where he faces multiple lawsuits from law enforcement agencies such as the Commodity Futures Trading Commission (CFTC).

Steynberg is said to have amassed at least $1.7 billion worth of 29,421 BTC by defrauding participants of the scheme he was running through MTI. According to the official press release, this is the largest fraud scheme involving Bitcoin charged in CFTC cases.


Do Kwon is a South Korean cryptocurrency developer who co-founded the Terra blockchain. In May 2022, blockchain’s native cryptocurrency, LUNA, and its associated stablecoin, UST, fell to $0, wiping out a market cap of around $60 billion in just over a week. .

Initially, it was reported that a coordinated attack led to a death spiral for UST’s Depeg and LUNA. However, a few days later, there were also reports that Do Kwon had dissolved Terra’s Seoul and Busan branches just days before the crash. This caused widespread speculation and attracted the attention of law enforcement agencies around the world. The Korean National Tax Service also levied Do Kwon and his Terraform Labs on his $78.4 million in corporate and income taxes.

Dokwon is believed to have initially cooperated with the authorities, but is now on the run. There is even a red notice issued against him by Interpol. Along with law enforcement, some 4,400 disgruntled investors launched a search for his Do Kwon, claiming that Do Kwon is hiding in Russia, Dubai, Azerbaijan or sailing somewhere on a yacht. It is said that there are However, Do-kwon continues to appear online, claiming his innocence and stating that he is not on the run. However, he has not disclosed his whereabouts, citing his personal safety concerns.

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