The US Justice Department (DOJ) has announced a compensation process for victims of the OneCoin fraud. The funds are expected to come from property forfeited in the case, money traced back to the people behind the scheme, including co-founders Ruja Ignatova and Karl Sebastian Greenwood.
The DOJ said in a Monday statement that more than $40 million in forfeited assets are currently available for victim compensation.
OneCoin Proceeds To Compensate VictimsOneCoin was an international cryptocurrency investment scheme that ran from 2014 to 2019 and relied on deception to draw in investors around the world. Prosecutors say Ignatova and Greenwood, along with others, orchestrated the scheme.
The DOJ stated that the scheme resulted in losses that totaled more than $4 billion worldwide. In the agency’s description, investors were misled about the nature and legitimacy of OneCoin, and many put money into what the DOJ characterizes as “a lie disguised as cryptocurrency.”
DOJ Details Remission Rules And DeadlineWhile the announcement focuses on the compensation pathway, DOJ officials also framed the forfeiture effort as a way to both remove illegal gains and redirect them toward harm prevention.
Under the DOJ’s description, the remission process is intended for victims who purchased OneCoin cryptocurrency between 2014 and 2019.
The agency clarified that submissions must be mailed, emailed, or submitted online along with supporting documentation by the deadline of Tuesday, June 30, 2026.
Featured image from OpenArt, chart from TradingView.com
