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when bitcoin launched in 2009 it sparked a frenzy of excitement among the investors and led to a proliferation of other virtual currencies its also given rise to rampant fraud as scammers exploit people who are struggling to make sense of a constantly evolving financial technology what should you look for when choosing an investment platform what are some of the signs of fraud today in our special report we delve into the world of virtual currencies and see what its all about we will be the biggest out there and we will write history and the cryptocurrency community will have to rewrite philosophy this isnt a concert its an event promoting a new type of virtual currency the onecoin the event was hosted by ruja ignativa also known as the crypto queen she founded onecoin in 2014 billing it as the next bitcoin investors sunk more than 5 billion us dollars in the currency but in 2018 one coin was revealed to be a huge scam ignativa had said her currency would beat out bitcoin a cryptoc