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.
“Today’s announcement marks an important step toward returning funds to those harmed. While no recovery can fully undo the damage, our Office will continue working to seize criminal proceeds and prioritize getting money back into the hands of victims. If you believe you may be a victim of OneCoin, you may obtain a petition form online at www.onecoinremission.com,” US Attorney Jay Clayton said.
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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.
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