[sireat]

If you consider that most EU equivalents of SEC have issued warnings against OneCoin I would say that counts as a scam.

The amazing thing is that OneCoin does not even have a public blockchain or any chain.

Probably just an Excel spreadsheet with periodic applying of *2 formula.

It is just a regular pyramid which has nothing to do with cryptocurrencies besides the name.

I get regular questions from non-technical people who have been asked to "invest" in OneCoin.

It is hard to tell people to stay away.