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The U.S. Department of Justice Launches OneCoin Victim Compensation Program with Over $40 Million in Seized Assets

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The U.S. Department of Justice has launched a compensation program for OneCoin victims, using more than $40 million in seized assets. Investors who purchased OneCoin between 2014 and 2019 and incurred losses may be eligible. The scheme, orchestrated by Ruja Ignatova and Karl Greenwood, defrauded over $4 billion. Greenwood was sentenced to 20 years in prison in 2023. Market observers suggest the Fear & Greed Index may respond to such regulatory actions. Traders are advised to monitor altcoins as investor sentiment shifts.

Odaily Planet Daily reports: The U.S. Department of Justice has announced the initiation of a compensation program for victims of the OneCoin crypto fraud scheme, with over $40 million in seized assets available for restitution.

The program targets investors who purchased OneCoin between 2014 and 2019 and incurred net losses. U.S. prosecutors stated that this initiative aims to return a portion of the illicit proceeds to victims. OneCoin was launched by Ruja Ignatova and Karl Greenwood, with associated fraud exceeding $4 billion. Ignatova has been missing since 2017, and Greenwood was sentenced to 20 years in prison in 2023. (Cointelegraph)

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