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U.S. Justice Department Opens OneCoin Victim Compensation Program With Over $40 Million

U.S. Justice Department Opens OneCoin Victim Compensation Program With Over $40 Million

According to the U.S. Department of Justice, eligible OneCoin victims who bought the fraudulent cryptocurrency between 2014 and 2019 can apply for compensation by June 30, 2026.

Fact Check
The claim is strongly supported by the DOJ press release, "Justice Department Announces Compensation Process for OneCoin Fraud Victims With Funds Recovered Through Asset Forfeiture," which explicitly says the Department of Justice has begun the remission compensation process for OneCoin victims and that "More than $40 million in forfeited assets are currently available for victim compensation." It also says victims who purchased OneCoin between 2014 and 2019 may apply through the federal remission process. The secondary report, "Justice Department opens compensation for victims of $4B OneCoin crypto fraud," independently matches those core facts. No fetched source in this run contradicts the claim.
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Summary

The U.S. Department of Justice said victims of the OneCoin fraud may seek compensation through a federal remission process funded by more than $40 million in forfeited assets tied to the scheme’s proceeds. The program applies to victims who purchased OneCoin between 2014 and 2019, and submissions must be mailed, emailed, or filed online with supporting documents by June 30, 2026. The DOJ has described OneCoin as a fraudulent cryptocurrency sold through a global multi-level marketing network and said the scheme caused more than $4 billion in losses worldwide. The forfeited assets are linked to proceeds traced to people behind the fraud, including co-founders Ruja Ignatova and Karl Sebastian Greenwood. The DOJ Criminal Division’s Money Laundering and Asset Recovery Section is handling the compensation process.

Terms & Concepts
  • Forfeited assets: Property or funds seized through legal proceedings because they are linked to criminal activity and may later be used to compensate victims.
  • Remission process: A Justice Department procedure that allows eligible victims to petition for compensation from assets forfeited in criminal cases.
  • Multi-level marketing network: A sales structure in which participants earn from direct sales and recruiting others, a model the DOJ said was used to market OneCoin globally.