Closing the OneCoin Chapter: Moyn Islam Speaks
The following two FAQ sections address commonly raised questions regarding OneCoin, Moyn Islam and the legal proceedings frequently referenced online. The answers are based on documented facts and are provided to clarify context and correct public misunderstandings.
1. How did you first become involved with OneCoin?
I joined OneCoin in December 2015 through a standard referral link, in the same manner as millions of other participants globally. I had no involvement in the creation, launch, management, or operations of OneCoin.
At the time of my entry, OneCoin was already operating publicly in the UK and internationally. Its activities were widely documented during 2014-2015, prior to my involvement.
2. Did you bring OneCoin to the UK or help launch it there?
No. I did not introduce, launch, or establish OneCoin in the UK.
By the time I became involved in December 2015, OneCoin was already operating publicly internationally and in the UK, with documented activity during 2014-2015 led by company representatives.
In the UK, large-scale OneCoin events were organised and led by top promoters. Corporate figures, including Ruja Ignatova and Kari Wahlroos, appeared at some of these events as invited speakers.
At the time, we were not invited to these events, nor were we listed or involved as speakers. Speaker line-ups consisted of senior promoters alongside members of the corporate team, such as Dr Ruja Ignatova.
Our involvement was limited strictly to small-scale, investor-level participation. We had no role in organising, promoting, or attending these large events, and we were not present. These events also took place before any public event appearance by us.
Notably, a February 2016 London event widely reported as OneCoin’s first UK national event occurred during this period and did not include Monir or me.
Public Top Promoter Videos:
1.) OneCoin CEO Dr Ruja – London Event February 2016
2.) OneCoin London Part 2
Public Media Coverage:
1.) OneCoin Millionaire Article
These documented events confirm that OneCoin’s UK presence existed before my involvement and was not introduced, led, or launched by me.
3. What was your role within OneCoin?
I was a small-scale investor. I was not an employee, executive, officer, shareholder, or decision-maker and I held no operational or managerial authority within OneCoin.
I did not have access to internal systems, corporate strategy, financial controls, or company governance.
This status was formally acknowledged in the 2025 UK High Court proceedings (Case CL-2024-000213), where submissions described Monir and me as small-scale UK investors who incurred losses, with no operational involvement in the fraudulent organisation. All claims were subsequently withdrawn in full, without settlement, and with claimants contributing to costs.
4. Were you a prominent promoter of OneCoin?
No. I was a small-scale investor, not a prominent or “top” promoter, as has occasionally been mischaracterised in unverified narratives. While I was visible in sharing information in good faith, the available sources and the 2025 proceedings before the UK High Court confirm that my involvement was strictly limited to investor-level participation. I held no leadership position, senior promotional role, or any form of “top-tier” status.
My visibility stemmed from a genuine belief in the project’s legitimacy at the time, based on professional presentations and materials that appeared credible, an experience shared by millions of participants globally. I had no official role, no employee status, and no operational or decision-making authority, nor did I have access to internal systems or company decisions.
The distinction between a top promoter and a small-scale investor is clear and evidenced. Prominent promoters were publicly visible organising large-scale events and appearing on stage alongside OneCoin’s corporate figures, including at the February 2016 “first UK national event” and the June 2016 event at Wembley Arena, which were attended by thousands. I did not organise, speak at, attend, or appear on stage at any such event and my name does not appear on any speaker or organiser lists for these milestones.
Public Video References:
1.) OneCoin UK National Event (February 2016)
2.) London Part 2 (February 2016)
3.) OneCoin CEO Dr. Ruja London Live (February 6, 2016)
Public Video References:
1.) OneCoin Dr Ruja – The Blockchain
2.) OneCoin event at SSE Arena, Wembley – London | 11 June 2016
3.) CoinRush 2016
When internal claims regarding the blockchain and mining no longer aligned with observable facts, I ceased all promotion immediately in March 2017. The 2025 UK High Court resolution (Case CL-2024-000213) definitively affirmed my limited, good-faith participation, resulting in the full withdrawal of all allegations of fraud and dishonesty. No court has ever made any finding that I was a top promoter or that I exercised any operational authority within OneCoin.
5. Did you profit from OneCoin?
No. Any commissions credited prior to my exit were nominal and were fully offset by personal investments and the account freeze imposed in March 2017, which resulted in the loss of all balances, including coins, commissions and purchases.
My overall outcome was a net financial loss.
1. What was the nature of UK High Court Case CL-2024-000213?
The case was a civil claim filed in July 2024 by a group of OneCoin investors seeking recovery for losses tied to the OneCoin scheme. It targeted the Islam Brothers alongside other figures, alleging promotion and involvement leading to fraud and dishonesty. Accompanying worldwide freezing orders were imposed on assets.
References:
2. What was the final outcome of the case?
All claims against the Islam Brothers, including allegations of fraud and dishonesty, were fully withdrawn by mutual agreement in January 2025, before any trial or merits hearing. No adverse court findings were made. The resolution was publicly confirmed on January 25, 2025, via an official investor statement and legal announcements.
3. Did the Islam Brothers make any payments or settle financially?
No. Zero payments or settlements were made by the Islam Brothers. This counters any speculation of “hidden deals” or admissions.
4. Who paid the legal costs?
The claimants (OneCoin investors) contributed to the Islam Brothers’ defense costs. This rare arrangement underscores the robustness of the evidence submitted by the defense.
Public Legal References:
1.) No payments whatsoever have been made by Mr Moyn and/or Mr Monir Islam to the Claimants in relation to the claim, although the Claimants have contributed to the legal costs that the Islam Brothers
2.)The claimants have contributed to the legal costs incurred in relation to defending the claim
5. What happened to the asset freezing orders?
All worldwide freezing orders were fully discharged and lifted, restoring unrestricted access to assets.
Public Media References:
1.) Islam Brothers Clear Names, Freeze Order Lifted
2.) Exonerated in OneCoin Case: Allegations Officially Withdrawn