The mysterious disappearance of Ruja Ignatova, founder of the OneCoin cryptocurrency scam, has taken a new twist. A recent documentary suggests that Ignatova, also known as the “Cryptoqueen,” may still be alive and hiding in South Africa. This revelation challenges earlier claims that she was killed by a Bulgarian crime lord.
Claims from the Documentary
German filmmaker Johan von Mirbach, who has extensively investigated Ignatova, reports that sources in South Africa allege she resides in an affluent neighborhood in Cape Town. The claim contradicts longstanding theories of her murder, with investigators asserting that Ignatova likely altered her identity and evaded capture.
Physical Appearance and Alteration Theories
The documentary delves into Ignatova’s Roma heritage, citing distinct genetic and phenotypic traits such as:
- Low cephalic index.
- Wider nose and dark skin pigmentation.
- Straight dark hair and dark eyes, common among Bulgarian Roma.
To account for the seven years since her disappearance, criminal sketch artists developed eight speculative images of Ignatova’s current appearance, considering:
- Weight fluctuations.
- Cosmetic surgery.
- Gender reassignment possibilities.
Brother’s Connection and Communications
Ignatova’s brother, Konstantin Ignatov, who led OneCoin after her disappearance, reportedly maintained regular contact with her. This connection reinforces suspicions that Ignatova is still alive.
Sightings and Travel Theories
Ignatova’s last confirmed location was Athens, Greece, on October 25, 2017, after a flight from Sofia, Bulgaria. Since then, unverified sightings have placed her in:
- Thailand
- Dubai
- South Africa
The FBI and Europol added her to their most wanted lists in 2022, underscoring their belief in her survival. Authorities suggest she may be using a fake passport or traveling under a German passport to countries such as the United Arab Emirates, Russia, Greece, and Eastern Europe.
Dubai: A Haven for the Cryptoqueen?
A BBC report highlights Dubai as a central location in Ignatova’s financial operations. Allegations include:
- A €50 million deal with Emirati royal Sheikh Saoud bin Faisal Al Qassimi, involving 230,000 bitcoin.
- Use of Dubai’s financial systems to launder millions.
Dubai’s lack of extradition treaties with major powers like the U.S. and the EU makes it a favorable destination for fugitives. Journalist Nikolai Stoyanov and former associates, such as Duncan Arthur, insist Ignatova is alive and potentially residing there.
SEE ALSO: South Africans Can Now Buy Property Using Cryptocurrency
Complicating Factors
Multiple conflicting theories persist about Ignatova’s fate:
- Luxury Yacht Theory: Speculation that she lives aboard a yacht in the Mediterranean.
- Death by Crime Lord: Earlier claims that she was murdered and dumped into the Ionian Sea.
Arthur dismissed the murder theory, confidently stating, “She is alive, period.”
What’s Next?
Ignatova’s case remains one of the most intriguing mysteries in the cryptocurrency world. Investigators continue to pursue leads, while the new documentary fuels public interest and debate. Whether living in Cape Town, Dubai, or elsewhere, the Cryptoqueen shadowy existence is a testament to her ability to evade capture while leaving a trail of financial devastation.
Authorities and whistleblowers remain committed to uncovering the truth, ensuring justice for the victims of the $4 billion OneCoin scam.
