Trending Now - DOJ Initiates $40M Compensation for Onecoin Fraud Victims

WHO:

NewsBTC - The US Justice Department (DOJ) is involved in the compensation process.

NewsBTC - Ruja Ignatova and Karl Sebastian Greenwood are co-founders of OneCoin.

Cointelegraph - Ruja Ignatova has been missing since October 25th, 2017.

Cointelegraph - Karl Sebastian Greenwood was sentenced to 20 years in prison in 2023.

WHAT:

NewsBTC - The DOJ announced a compensation process for victims of the OneCoin fraud.

NewsBTC - More than $40 million in forfeited assets are available for victim compensation.

NewsBTC - OneCoin was described as a fraudulent cryptocurrency scheme that resulted in losses exceeding $4 billion worldwide.

NewsBTC - The DOJ stated that investors were misled about the nature and legitimacy of OneCoin.

WHERE:

NewsBTC - OneCoin began operations in Bulgaria and targeted victims globally.

WHEN:

NewsBTC - The remission process is intended for victims who purchased OneCoin cryptocurrency between 2014 and 2019.

NewsBTC - The deadline for victims to submit petitions for compensation is Tuesday, June 30th, 2026.

WHY:

NewsBTC - The DOJ aims to remove illegal gains from the fraud scheme and redirect them toward compensating victims.

NewsBTC - Assistant Attorney General A. Tysen Duva stated that victims are central to the department’s work.

HOW:

NewsBTC - Victims may seek compensation through a petition submission process, which can be mailed, emailed, or submitted online along with supporting documentation.

(UPDATED April 15, 2026 01:26 UTC)

The U.S. Justice Department is now involved in a compensation process for victims of the OneCoin fraud, which has been described as a fraudulent cryptocurrency scheme that caused losses exceeding $4 billion worldwide. More than $40 million in forfeited assets are available for compensation, and victims who purchased OneCoin cryptocurrency between 2014 and 2019 can submit petitions until June 30th. Ruja Ignatova, a co-founder of OneCoin, has been missing since October 25thth, 2017, while her partner Karl Sebastian Greenwood was sentenced to 20 years in prison in 2023.