ChainCatcher news, according to The Block, based on court documents submitted in the Southern District of New York, another participant in OneCoin, William Morro, has been arrested. Prosecutors stated that Morro concealed the source of funds related to OneCoin by falsely reporting the source of funds to banks. He was involved in transferring $35 million related to OneCoin to an account in Hong Kong and also transferred about $6 million to an account in the United States.Prosecutors ultimately charged Morro with conspiracy to commit bank fraud. Morro signed a related statement agreeing to "waive the right to a trial by indictment and consent to proceed by information rather than an indictment."OneCoin was founded in 2014 by Karl Sebastian Greenwood and the so-called crypto queen Ruja Ignatova. Greenwood was arrested in Thailand in 2018, charged with fraud and money laundering, and extradited to the United States. Last year, he was sentenced to 20 years in prison and fined $300 million.