The arrest of OneCoin leader Konstantin Ignatov earlier this year has proved to be a goldmine for prosecutors in the Southern District of New York. Ignatov has offered intricate details on the $4 billion cryptocurrency scam that was started by his sister Ruja Ignatova, infamously known as the ‘Crypto Queen’.
His testimony has not only implicated his sister but also other senior operatives of the criminal scheme. But this could come at a cost to his life and that of his nearest and dearest.
With this in mind, the plea deal reached to ensure his cooperation guarantees him witness protection if Ignatov’s life is deemed to be in danger. All that the OneCoin leader has to do is make a request in writing and he will be placed under the U.S. Marshals Service Witness Security Program.