OneCoin securities fraud warning from Slovenia
OneCoin has received a securities fraud warning from Slovenia’s Securities Market Agency (ATVP).
As per ATVP’s January 8th OneCoin warning;
[ATVP] hereby issues a warning to investors regarding activities of an entity operating under the name of One Ecosystem / OES / OneCoin, which provides services regarding financial instruments via its website.
One Ecosystem / OES / OneCoin is not authorized to provide crypto-asset services, as it does not hold the required license for conducting such activities in accordance with Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets, and amending Regulations (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937 (OJ L 150).
EU Regulation 2023/1114 pertains to Europe’s Markets in Crypto-Assets (MiCA) law. MiCA is being implemented across Europe in an attempt to regulate cryptocurrency coins/tokens that might otherwise fall outside of existing financial laws (securities).
In order to operate legally, MLM companies with coins/tokens subject to MiCA must apply for authorization. OneCoin has not done so.
One Ecosystem / OES / OneCoin is not authorized to provide investment services and activities in Republic of Slovenia as it has not obtained the Agency’s authorization to provide such services and activities according to the Market in Financial Instruments Act (Official Gazette of the Republic of Slovenia No. 77/18, 17/19 – popr., 66/19, 123/21, 45/24 in 77/25) or any other securities act to carry out services with financial instruments in the Republic of Slovenia.
[ATVP] advises investors to exercise extreme caution when dealing with One Ecosystem / OES / OneCoin. Should an offer be made by One Ecosystem / OES / OneCoin, investors are urged to take this public warning into account before making any decisions.
OneCoin is the notorious $4 billion MLM crypto Ponzi founded by Ruja Ignatova.
The Ponzi side of OneCoin collapsed in early 2017. Later that same year Ignatova went missing.
Following her indictment in 2019, Ignatova is wanted by US authorities but remains at large.
After Ignatova collapsed OneCoin rebooted as One Ecosystem. The new scam, a pyramid scheme built on what was left of OneCoin, was fronted by Bulgarian national Ventsislav Zlatkov.
Zlatkov abandoned his CEO role in February 2025, leaving a public leadership void.
Today OneCoin, as One Ecosystem, operates from the domain “oneecosystem.eu”. The domain was privately registered through Bulgarian registrar SuperHosting sometime after 2017.
What’s left of OneCoin is believed to be run by organized crime interests with ties to Bulgaria and Russia.
These scammers hide behind an “International Global Council”, fronted by Mai Loan, Tommi Vuorinen, Anita Jemeljanova, Alla Valieva, Marco Romero, Yohana Espitia Giraldo, Young Ju Kim, Donakonda Janardhana, Mujeeb Ur Rehman and Malika Nourine Elaid.
As of December 2025, SimilarWeb was tracking ~34,400 monthly One Ecosystem website visits. Top sources of One Ecosystem website traffic are Thailand (21%), Malaysia (15%), South Korea (15%), Vietnam (11%) and the US (8%).
This is not just any warning, it’s the first EU’s MiCA -law related warning about OneEcosystem due to not having a mandatory MiCA license.
In Slovenia the transition period ended on July 1st, 2025.
Transition period end date for the entire EU is July 1, 2026, but in several countries it has already ended.
Ended 30 June 2025 or 1 July 2025:
-Finland
-Hungary
-Latvia
-Netherlands
-Poland
-Slovenia
Ended 30 September 2025:
-Sweden
Eended 31 December 2025:
-Austria
-Germany
-Greece
-Ireland
-Lithuania
-Slovakia
Ends 1 July 2026:
Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, France, Italy, Luxembourg, Malta, Romania, Spain (extended in late 2025), plus others like Portugal (TBA but aligned with max).
I hope we will be seeing many more of these warnings this year and begnning of next year.
@Oz, I think it would be good if you would add something about MiCA to the title of this post, because it’s significant.
Also because the OneEcosystem marketing has talked about MiCA and how they are allegedly seeking the license (but obviously can’t get it).
The complete name of the MiCA regulation is:
Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets, and amending Regulations (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937.
I’m aware of MiCA only in the context it popped up as an exit-scam ruse a few years ago (variation of the “regulators!” exit-scam).
Post July 2025 do we interpret MiCA as a EU-wide “Securities and Exchange Act” for MLM crypto investment schemes?
Re. OneCoin, I’ll add MiCA to the title. Thanks.
edit: Had a closer look into it, this is why I’ve been ignoring MiCa;
With respect to MLM regulation, if we identify a fraudulent investment scheme that falls under existing securities law. Slovenia has gone after OneCoin for both securities fraud and MiCA, which seems contradictory (or they’re covering their bases).
I’m going to stick to focusing on securities fraud but I guess will note MiCA when it comes up. My read is MiCA is more for individual centrally controlled cryptocurrencies (i.e. OneCoin’s collapsed Ponzi token), as opposed fraudulent MLM investment schemes as a whole.
Basically from my perspective if we start focusing on MiCA that opens the door to the “bUt It’S a UtIlItY tOkEn!” strawman. Securities law doesn’t care what you call your coin/token, if there’s an unregistered passive investment scheme attached that’s the fraud.
OneCoin scammer Erick Rueda (aka “LUXORTV”) from Panama has spread numerous lies in connection with MiCA. Two examples from 2024.
youtube.com/watch?v=4BwGoW4q8F0
youtube.com/watch?v=q83pKw6z1GY
postimg.cc/7frYGqkx
Could “Mr Bitcoin Norway” please explain how if he “single-handedly” “brought down OneCoin” in 2016, it still seems to be active ten years later to the point that authorities are warning against it ?
Don’t be a houseplant Bjercke, let us have your thoughts