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The U.S. Department of Justice initiates compensation process for victims of the OneCoin scam case
ME News, on April 13 (UTC+8), the U.S. Department of Justice announced the launch of a victim compensation application process for the OneCoin cryptocurrency scam. The Department of Justice has initiated criminal forfeiture proceedings on the proceeds of the related crimes, and the net proceeds from the seized assets will be used to compensate victims. Victims who purchased OneCoin between 2014 and 2019 and suffered net losses may submit a compensation application via onecoinremission.com before June 30, 2026, with no fees and no need to hire an attorney.
OneCoin was co-founded in 2014 by Bulgarian national Ruja Ignatova (nicknamed “Crypto Queen”) and Karl Sebastian Greenwood, under the guise of selling fake cryptocurrency education packages, to attract investors worldwide to buy OneCoin tokens that never actually operated on any blockchain. The scam amount is estimated to have reached as high as $40 billion to $150 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)