OneCoin...

[Acidyo]

Hello, it has been brought to my attention, by friends I know irl who haven't really been into cryptocurrencies before, but have gotten interested through this coin called onecoin: https://www.onecoin.eu/

One of them asked me what I think about it since I have been into altcoins for some time, and going through the site and some posts about people talking about it, it clearly seems to be a huge ponzi that will shut down at any time now.

I posted this to get some more views on it from different people who may or may not have had experience with it before. I'm sure the ones who have been early on there have made a lot of profit, but to me it seems like a clear cloudmining/ponzi scam.

Will edit this post with some interesting links I found about it.

[LiteCoinGuy]

looks like a scam, smells like a scam...

[Acidyo]

looks like a scam, smells like a scam...

some had put thousands into it...

[kingscrown]

Its a scam MLM pointed at people who dont know much about cryptos

[Acidyo]

Its a scam MLM pointed at people who dont know much about cryptos

Alright, I may be able to talk to some of the promoters of it who are making a large sum of money from referring others into it next thursday.

Any specific questions I should ask them about it? I've read more about it but seems like they do a good job erasing posts on bitcointalk or other places, and like you said focus on people with little knowledge about cryptos.

[tey]

In the Arabic section , i have announced warnings against investing in this ponzi.

Its not only a ponzi , but people who run Onecoin have deliberately faked information to trick people into fake investments.

Their Head Office is in Dubai - Jumeirah Lake Towers.
Will try again reporting them to Dubai Multi Commodity Center Freezone in Dubai.