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The U.S. Department of Justice initiates compensation process for victims of the OneCoin scam case
ME News report. On April 13 (UTC+8), the U.S. Department of Justice announced the launch of a victim compensation application process for the OneCoin cryptocurrency fraud case. The Department of Justice has initiated criminal forfeiture proceedings against the proceeds of the related crimes, and the net proceeds from the forfeited assets will be used to compensate the victims. Victims who purchased OneCoin between 2014 and 2019 and suffered net losses may submit a compensation claim through onecoinremission.com before June 30, 2026, with no fees and no need to hire a lawyer.
OneCoin was co-founded in 2014 by Bulgarian national Ruja Ignatova (nicknamed “Crypto Queen”) and Karl Sebastian Greenwood. The scheme operated under the guise of selling fake cryptocurrency education packages to attract investors worldwide to buy OneCoin tokens that, in reality, were never run on any blockchain. The fraud amount is estimated to be as high as $4 billion to $15 billion, making it one of the largest cryptocurrency fraud cases in history. Ignatova mysteriously disappeared in 2017 and remains one of the FBI’s most wanted; Greenwood was sentenced to 20 years in prison in 2023. (Source: Foresight News)