Crypto Daily™11 minutes ago

Published on March 12, 2025 17:27 GMT+00:00edited on March 12, 2025 17:31 GMT+00:00

The UK High Court has seen a significant development in the OneCoin fraud case as claimants have completely withdrawn all allegations against BE Club co-founders Moyn and Monir Islam, including lifting a previously imposed worldwide freezing order. All allegations were withdrawn without financial settlement.

The resolution in the case (Case: CL-2024-000213) was reached after the Islam brothers submitted evidence supporting their position that the allegations were unfounded. Unlike typical settlements, this one concluded without any financial payment from the Islam brothers to the claimants.   

Instead, the claimants have agreed to contribute to the legal costs incurred by the Islam brothers in defending themselves against these allegations. This development brings closure …