OneCoin Moyn Islam - FAQ
Public records and the 2025 outcome before the UK High Court confirm that Moyn Islam joined OneCoin in December 2015 as a small-scale investor. He held no operational, managerial, executive, or leadership role and exercised no decision-making authority within the organisation at any point. He exited publicly in March 2017 after raising concerns and incurred a net financial loss.
He was not a “top promoter” or senior figure. While later narratives sometimes inferred seniority based on visibility, the 2025 UK High Court proceedings confirmed that any activity attributed to him was strictly limited to investor-level participation, not leadership or control.
Moyn Islam did not organise, speak at, or attend major milestone events. His name does not appear on speaker or organiser lists for the February 2016 “first UK national event,” nor was he involved in the June 2016 event at Wembley Arena.All civil claims and allegations of fraud and dishonesty against him were withdrawn in full in the 2025 proceedings before the UK High Court (Case CL-2024-000213). This was publicly confirmed by his legal representatives, Enyo Law, and in an official statement issued on behalf of the OneCoin Investors. No settlement payment was made by Moyn Islam, and the claimants contributed to his legal costs. No court has ever made any finding that he exercised control, leadership, or operational authority within OneCoin.
Public Legal Reference:
OneCoin claims against the Islam Brothers were withdrawn, with Enyo Law successfully advising Moyn Islam in the resolution.
Disclaimer: This FAQ is provided for factual clarification based on publicly available information and court-confirmed outcomes. It does not constitute legal advice or commentary beyond the public record.
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.
6. When did doubts about OneCoin begin?
Concerns emerged in February 2017, when repeated questions regarding the blockchain, mining process and token conversions remained unanswered or inconsistent with verifiable facts.
7. Why were these concerns not identified earlier?
Between 2015 and 2016, cryptocurrency was still an emerging sector with limited public scrutiny. Like many participants, I relied on information that appeared credible at the time, including global events, professional presentations and third-party representations.
For example, in May 2015, a publicly circulated video featured Dr. Ruja Ignatova interviewing auditor Deyan Dimitrov, discussing third-party audits of OneCoin’s blockchain and claiming monthly verification.
Public Video Reference:
1.) OneCoin CEO Dr Ruja Ignatova Interviews OneCoin Blockchain Auditor Deyan Dimitrov
Additionally, Dr. Ignatova’s October 2015 Economist Summit appearance highlighted rapid global adoption, institutional interest and her professional background, reinforcing perceived legitimacy.
In hindsight, structural issues, such as the private exchange, were not adequately scrutinised at the time.
Public Reference, OneCoin Blockchain Audit Scope:
1.) OneCoin Blockchain Audit Report
8. Did you knowingly mislead others?
No. All participation and promotion were conducted in good faith, based on information that was publicly available and widely disseminated at the time. Promotion ceased immediately once doubts arose.
9. What actions did you take once concerns became clear?
In March 2017, Monir and I publicly announced that we were ending all involvement with OneCoin.
We held an open meeting in London to explain our concerns and followed this with a public video statement on Facebook, clearly outlining why we could no longer support the project.
This occurred before widespread public exposure and well before many insiders distanced themselves. The decision resulted in immediate financial loss and removal from the system.
10. Why did you become a target of criticism afterward?
After mine and Monir’s public exit in March 2017, some coverage and online commentary focused on visible participants rather than individuals with operational authority. In the absence of updated information, certain narratives continued to circulate despite later legal clarification.
These narratives were not based on findings of control, management, or wrongdoing and were subsequently addressed through the withdrawal of claims in the 2025 UK High Court proceedings.
11. Were you an early critic of OneCoin?
Yes. By publicly exiting and raising concerns in March 2017, this occurred prior to Dr. Ruja Ignatova’s disappearance and before broader public consensus emerged. This carried both reputational and financial consequences.
No subpoenas or formal requests from authorities were issued to me at that time.
12. Do you still address OneCoin today?
No.This FAQ is intended to provide a complete, verifiable record. I do not intend to engage in ongoing commentary regarding OneCoin.
13. What is the key takeaway people should understand?
I joined OneCoin as a small-scale investor, acted in good faith, exited once concerns arose, incurred a financial loss, and have since been fully cleared of all fraud and dishonesty allegations through the complete withdrawal of claims in the 2025 UK High Court proceedings (Case CL-2024-000213), without any settlement payment and with claimants contributing to costs.
Narratives suggesting leadership, control, or fraud are not supported by evidence or legal findings.
14. Why do some online sources still describe you as a “top promoter” after your exit from OneCoin?
Some online sources continue to reference claims that, following my exit in March 2017, I was a “top promoter” associated with OneCoin. These descriptions typically arise from a conflation of investor-level visibility with organisational authority, despite there being no evidence of management responsibility, operational control, or decision-making involvement.
All allegations of fraud and dishonesty were fully withdrawn in the 2025 UK High Court proceedings (Case CL-2024-000213). The matter concluded without settlement, with the claimants contributing to the defence’s legal costs, and no legal finding established any deeper involvement. Since that conclusion, no new evidence has emerged to substantiate the continuation of such claims.
Nonetheless, some articles and online posts continue to circulate without revision, relying on earlier narratives rather than the updated, court-confirmed outcome.
15. Did you cooperate with authorities?
No formal cooperation was requested or required, as I was not the subject of criminal investigations. Evidence submitted in the 2025 civil proceedings contributed to the withdrawal of claims.
16. Were any criminal charges or investigations ever brought against you in relation to OneCoin?
No. Despite the criminal aspects of OneCoin involving its core operators (e.g., Dr. Ruja Ignatova and others), no criminal charges, investigations, or proceedings were ever initiated against me by any authorities. This is consistent with my status as a small-scale investor with no operational role, as confirmed in the 2025 UK High Court civil resolution.
17. Were the claims against both Moyn Islam and Monir Islam resolved?
Yes.The civil claims brought in the UK High Court against both Moyn Islam and Monir Islam were withdrawn in full in 2025 (Case CL-2024-000213). The withdrawal covered all allegations, including claims of fraud and dishonesty. There was no settlement payment, and the claimants contributed to legal costs.
This outcome was confirmed in the official statement published on behalf of the OneCoin Investors, with legal confirmations issued by Enyo Law (for Moyn Islam) and Peters & Peters (for Monir Islam). No court has made any finding that either individual exercised leadership, control, or operational authority within OneCoin.
Public Legal References:
1.) Settlement for Peters & Peters’ client and withdrawal of group claims by OneCoin investors
2.) Enyo Law successfully advises Moyn Islam in resolving fraudulent cryptocurrency OneCoin investor claim
Public Social Media Posts:
1.) OneCoin Investors Confirm UK Lawsuit Against Moyn and Monir Islam Has Been Withdrawn
2.) UK OneCoin Claim Withdrawn as Investors Drop All Allegations Against Islam Brothers
3.)UK OneCoin Lawsuit Withdrawn, Investors Confirm No Allegations Against Islam Brothers
The confirmation appeared in a public statement published by OneCoin investors and posted on 25 January 2025 by the administrator of the “OneCoin Official Group,” Jennifer McAdam.
18. What was the financial impact on you?
A confirmed net financial loss, including frozen and unrecovered assets, as acknowledged in court submissions.
19. Did you target immigrants or the Muslim community in your involvement with OneCoin?
No. I did not target any specific communities, including immigrants or the Muslim community, during my limited involvement with OneCoin as a small-scale investor. I never spoke about, promoted, or referenced any Shariah compliance aspects, nor was I involved in any form of targeting or community-specific recruitment. This narrative appears to stem from unsubstantiated assumptions based on my surname “Islam,” rather than any factual evidence of my actions.
OneCoin’s corporate strategy, led by founder Ruja Ignatova, included publicizing a purported Shariah-compliant certificate to appeal broadly to diverse global audiences (e.g., in Pakistan, Uganda, and UK minority groups), but this was entirely a company initiative in which I had no role, creation, promotion, direction, or mention.
The certificate, issued by Pakistan’s Al-Huda Center, was later clarified as not endorsing OneCoin as Shariah-compliant.
Public Reference:
1.) Clarification – OneCoin Certification – 28 November 2016)
Islamic scholars like Mufti Amjad issued warnings against the scheme as non-compliant and fraudulent.
Public References:
1.) Mufti Amjad fatwa PDF
2.) Mufti Amjad YouTube video
Documented examples of OneCoin’s recruitment tactics targeting minority or immigrant communities were orchestrated by corporate figures like Ignatova and publicly named top promoters such as Kari Wahlroos and Muhammad Zafar, without any involvement, speech, or promotion from me, and with no evidence linking me to such activities.
For instance:
- The BBC’s “The Missing Cryptoqueen” documentary and podcast series (2019–2024), along with related reports, detail how OneCoin targeted British South Asians and Muslims in northern England through false Shariah claims, leaked documents showing investor usernames, and multi-level marketing spread via WhatsApp/Facebook in close-knit communities, attributing this solely to Ignatova’s global strategy and top UK recruiters (often British South Asians), with no reference to me or my brothers
Public Media References:
1.) Official BBC podcast
2.) Related Spectator article on targeting British Muslims;
3.) British Muslims targeted in OneCoin scam.
- The 2024 YouTube documentary “OneCoin: The Shariah Scam | LIE TO ME” explains how the scheme preyed on Muslim communities worldwide using fake halal certifications and emotional manipulation via religious networks, led by Ignatova (the “Crypto Queen”) and a senior UK director (not me), with Islamic scholars issuing warnings, no mention of me.
Public Video Reference:
1.) The Man Who Exposed the OneCoin Crypto Scam).
- The 2025 DW Documentary “Crypto fraud: The OneCoin scandal” on YouTube covers Ignatova’s exploitation of vulnerable groups, including immigrants in Uganda and minority communities, through pyramid tactics, focusing on her disappearance and global fraud, without implicating small-scale investors like me
Public VideoReference:
1.) Crypto fraud: The OneCoin scandal
My participation was strictly at an investor level, with no operational authority, marketing involvement, or any promotion of community-specific appeals.
All related civil claims, including any allegations of targeted fraud or dishonesty, were fully withdrawn in the 2025 UK High Court proceedings (Case CL-2024-000213), as confirmed by my legal representatives at Enyo Law and the official statement from OneCoin investors, with no settlement from me and claimants contributing to costs.
Public Law Reference:
1.) Enyo Law statement
No court has made any finding of involvement in such activities. I have always and will support ethical, inclusive opportunities without discrimination.
20. What about past statements you made about OneCoin that have been quoted or referenced?
Any past comments I made about OneCoin were based solely on my limited role as a small-scale investor and reflected a genuine but short-lived belief in the project’s legitimacy at the time, based on publicly available materials.
These were not endorsements, promotions, or investment recommendations, and I held no official role or authority in the scheme. Upon discovering discrepancies (e.g., blockchain and mining claims not aligning with facts), I ceased all involvement in March 2017 and have distanced myself entirely since.
While some quotes accurately reflect initial optimism (e.g., belief in the concept), others have been taken out of context, exaggerated and inaccurately portrayed. Statements about doubts or withdrawal were made during my public exit due to concerns, not in support of onecoin.
All related civil claims, including implications of promotion or fraud, were fully withdrawn in the 2025 UK High Court proceedings (Case CL-2024-000213), with no adverse findings and claimants contributing to costs. I regret any past involvement and confirm these old comments do not represent my current views.
Disclaimer: This FAQ provides factual clarification based on publicly available information, court-confirmed outcomes, and verified statements. It is not legal advice. For official records, refer to the UK High Court or involved parties’ releases. The resolution closes this matter amicably, allowing focus on positive future endeavors.