The US Department of Justice has opened a remission process to compensate OneCoin fraud victims, making more than $40 million in forfeited assets available for distribution.
According to the announcement, affected individuals who purchased the token between 2014 and 2019 can submit a petition through the official remission website. Individuals can also request the petition form by contacting the appointed Remission Administrator via phone, email, or mail.
The development marks a step forward in efforts to return funds to victims of one of the largest cryptocurrency scams in recent years. The filing deadline is June 30, 2026.
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The Criminal Division’s Money Laundering, Narcotics, and Forfeiture Section is managing the process. Kroll Settlement Administration LLC serves as the designated administrator.
OneCoin, co-founded by Ruja Ignatova and Karl Sebastian Greenwood, marketed and sold a fraudulent cryptocurrency through a global multi-level-marketing network beginning in 2014. Operating out of Sofia, Bulgaria, the scheme used false promises of high returns to attract investors.
The fraud ultimately drained more than $4 billion from victims worldwide. Greenwood pleaded guilty and was sentenced to 20 years in prison in September 2023, along with $300 million in restitution. Ignatova, often called the “Cryptoqueen,” has been a fugitive since 2017 and remains on the FBI’s wanted list.
The post Victims of Ruja Ignatova’s OneCoin Fraud Can Now Seek Compensation appeared first on BeInCrypto.
Source: https://beincrypto.com/doj-onecoin-fraud-victims-remission/
