The founder of the cryptomonedma “Onecoin” is arrested in Germany Ruja Ignato

This coin of the so-called <x0) digital currency” is sold through package to investors who can exchange it into coins.

The founder of the highly talked cryptographic currency OneCoin and Bulgarian-born rich Ruja Ignatova was arrested on Saturday at Munich airport by police while trying to enter Germany.

According to news coming from Bulgarian media NBOX, she was arrested after a lawsuit by a German bank whose name does not become known, which claims Ignato has caused 300m euros in damage.

Born in Bulgaria, at the age of 10, she migrated to Germany. She is an entrepreneur and founder of OneCoin, One Life Network and the OneWorld Foundation.

Before she returned to her country, she graduated from economics and defended her doctorate at Oxford.

The first investigations into OneCoin began in 2016 in Germany. OneCoin had launched a broad money laundering campaign in German banks at the time.

Deutsche Bank was one of the banks that served OneCo for at least two months before the investigation was launched. OneCoin's bank account at Deutsche Bank closed on August 19, 2016.

In April 2016, German authorities were said to have frozen assets worth 29 million euros in the OneCoin accounts.

This isn't the first time I've dealt with the law. She and her father were arrested in 2012.

In August of this year, Italian authorities fined OneCoin at 2.59m euros. This coin has been repeatedly named as a pot scheme initiated by pyramid schemes that applied to the sale of OneCoin.

This so-called <x0-second digital currency” is sold through package to investors who can exchange it into coins.

Investors are constantly encouraged to invite others to buy these packages, adding rumours that OneCoin is a Ponzi scheme, writes Pc world.

During April, German regulators effectively addressed this scheme. Officials in Belize, India, Vietnam and other parts of the world have taken action against OneCoin in recent months.

OneCoin's latest case has further increased doubts at the Initial Coin Opers. In September China banned such activity with the reasoning that money laundering and other criminal activities are being used by law.