Oil Barrels Coin promoted a cryptocurrency that it claimed was backed by or pegged to the price of crude oil, promising investors high and stable returns. The company solicited investments from the public, primarily in Europe, through its website and other online channels. However, the operation was never authorized by any financial authority and has been publicly flagged by multiple regulators as an illegal and likely fraudulent investment scheme. The company's website is no longer active.

Founded in

United Arab Emirates