Guernsey authorities have authorized the confiscation of $11.4 million in OneCoin-linked funds, marking a modest recovery in an ongoing battle against crypto fraud.
Guernsey authorities have sanctioned the seizure of $11.4 million held at RBS International, following a request from German prosecutors under the Proceeds of Crime Law. The confiscated amount represents just 0.2% of OneCoin’s total fraud losses, highlighting the complex challenges in recovering funds from crypto fraud cases.