ME News reports that on April 13 (UTC+8), the U.S. Department of Justice announced the launch of a claims process for victims of the OneCoin cryptocurrency scam. The Department has initiated criminal forfeiture proceedings against the proceeds of the crime, and net proceeds from seized assets will be used to compensate victims. Victims who purchased OneCoin between 2014 and 2019 and suffered net losses may submit claims through onecoinremission.com by June 30, 2026, at no cost and without the need to hire an attorney. OneCoin was co-founded in 2014 by Bulgarian national Ruja Ignatova (nicknamed the “Crypto Queen”) and Karl Sebastian Greenwood, who lured investors globally under the guise of selling fraudulent cryptocurrency education packages, convincing them to purchase OneCoin tokens that never actually operated on any blockchain. Estimated losses range from $4 billion to $15 billion, making it one of the largest cryptocurrency scams in history. Ignatova mysteriously disappeared in 2017 and remains one of the FBI’s most wanted fugitives; Greenwood was sentenced to 20 years in prison in 2023. (Source: Foresight News)
U.S. DOJ Launches Victim Compensation Program for the OneCoin Cryptocurrency Scam
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Summary
The U.S. Department of Justice has launched a victim compensation program for the OneCoin cryptocurrency scam, citing MetaEra. Investors who lost money purchasing OneCoin between 2014 and 2019 may apply for reimbursement at onecoinremission.com until June 30, 2026. The process is free and does not require legal representation. Criminal forfeiture proceedings are also underway to recover assets, with proceeds designated to compensate victims. OneCoin, a fraudulent cryptocurrency scheme, defrauded investors of up to $15 billion. Co-founder Karl Sebastian Greenwood was sentenced to 20 years in prison in 2023, while co-founder Ruja Ignatova remains at large. This development underscores the importance of cryptocurrency regulations and highlights ongoing efforts within the cryptocurrency sector to hold bad actors accountable.
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