Payment processor CoinPayments is still providing financial services to the $4 billion OneCoin Ponzi scheme.

This follows a categorical denial from CoinPayments in June 2022.

In an attempt to distance themselves from notoriety, OneCoin created OneEcosystem in 2021.

On April 12th, 2023, OneEcosystem uploaded a video titled “HOW TO TOP UP YOUR DIGITAL CASH WALLET” to their official YouTube channel.

The video presents different ways affiliates can invest money into OneCoin. At [1:03] into the video, various deposit option in euro are presented, with CoinPayments appearing as OneCoin’s payment processor.

Last year OneCoin featured CoinPayments in its marketing material. This was shared by BehindMLM reader WhistleBlowerFin on June 24th.

OneCoin has added a new feature to their OneEcosystem Portal which allows members to “top up” their OneLife Euro cash wallet by using real cryptocurrency via payment gateway called CoinPayments (registered to Cayman Islands).

Within 48 hours of that information appearing on BehindMLM, CoinPayments issued a statement on Twitter denying involvement with Onecoin.

Turns out that was a lie, with CoinPayments continuing to provide OneCoin with financial services all along.

OneCoin founder Ruja Ignatova sits on the FBI’s top 10 most wanted list.

Several OneCoin executives have been indicted in the US. The OneCoin criminal cases are in various stages, with some defendants awaiting sentencing and others yet to be convicted.

Despite the dismantling of OneCoin’s public executive team by US authorities, OneCoin continues to operate out of Bulgaria.

The Ponzi scheme is run by puppet CEO Ventsislav Zlatkov, who is believed to work for organized crime interests tied to Bulgarian officials.

CoinPayments is a crypto payment processor that operates under UAB Star Ventures, a shell company incorporated in Lithuania.

CoinPayments is owned and operated by Alex Alexandrov and Jason Butcher.

Alexandrov is originally from Ukraine but moved to Canada at a young age. Alexandrov relocated to the notorious crime capital Dubai a few years ago.

Butcher, believed to be a Canadian national, is hiding out in the Cayman Islands.

Most of the OneCoin arrests pertain to money laundering, in addition to other criminal charges.

CoinPayments has a history of assisting fraudulent MLM schemes with laundering money.

Whether US authorities will go after CoinPayments for assisting and continuing to assist OneCoin with money laundering remains to be seen.