U.S. investigators reported that OneCoin lacked a true public and verifiable blockchain.

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Back With Satoshi

"U.S. investigators reported that OneCoin lacked a true public and verifiable blockchain."

The federal investigation described OneCoin as lacking a true public and verifiable blockchain, supporting the distinction between its marketed cryptocurrency and an open blockchain system.

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Source title Manhattan U.S. Attorney Announces Charges Against Leaders Of “OneCoin,” A Multibillion-Dollar Pyramid Scheme Involving The Sale Of A Fraudulent Cryptocurrency

Source authors U.S. Attorney's Office, Southern District of New York

Source year 2019

Confidence high

Importance mid