Guernsey authorities confiscate 11.4 million USD connected to OneCoin fraud

The authorities in Guernsey confiscated 11.4 million USD related to OneCoin, reinforcing their commitment to tackling fraudulent activities.

A German forfeiture order dictated this action, illustrating the international dimensions of cryptocurrency fraud.

This recovery reflects only about 0.2% of estimated OneCoin losses, highlighting significant hurdles in retrieving funds lost to such scams.

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