DOJ Initiates $40M Compensation for OneCoin Fraud Victims
- The U.S. Department of Justice has launched a compensation process for victims of the OneCoin fraud.
- Over $40 million in forfeited assets are available for victim compensation.
- Victims must submit petitions by June 30, 2026, at onecoinremission.com to be eligible.
- Karl Sebastian Greenwood, co-founder of OneCoin, was sentenced to prison in connection with the scheme.
- Ruja Ignatova, known as the “Cryptoqueen,” remains on the run and is listed on the FBI’s Ten Most Wanted Fugitives.
The DOJ’s initiative aims to return funds to those defrauded by OneCoin’s fake cryptocurrency scheme that swindled investors out of approximately $4 billion between 2014 and 2019. The available funds were recovered through successful prosecutions against OneCoin leadership.
This compensation process represents a significant effort by authorities to mitigate losses experienced by victims who unknowingly invested in a fraudulent financial ecosystem. (Source)
