one coin is a scam - US DOJ Opens Claims for $40M OneCoin Scam Victims Until June 2026
Key Insights:
- DOJ launches compensation program for the OneCoin crypto scam victims.
- About $40M seized assets are available for compensation.
- The deadline to file petitions is June 30, 2026.
Many years following the OneCoin crypto scam that caused shock across the globe, victims have finally received an opportunity for restitution.
Meanwhile, as part of the latest effort, the Department of Justice introduced a strategic compensation plan. Now, victims have until June 30, 2026, to submit their petitions.
OneCoin Crypto Scam Victims Can Now File for Compensation
The US Department of Justice has reportedly introduced a compensation scheme for victims of the OneCoin crypto scam. This allows the victims to submit petitions to claim a share of more than $40 million in seized assets.
As noted by the US DOJ, the claims are required to be filed via onecoinremission.com. The process will be handled by Kroll Settlement Administration LLC. The final deadline to apply is June 30, 2026.
OneCoin is widely considered one of the largest crypto scams in history. The scheme has allegedly defrauded investors of around $4 billion through a global multi-level marketing setup. This crypto scam reportedly ran from 2014 to 2019.
Meanwhile, US DOJ officials said the effort is focused on helping those who were harmed. They want to ensure that money seized from criminal activity is returned to victims wherever possible.
“Victims are at the core of everything we do at the Department of Justice,” stated Assistant Attorney General A. Tysen Duva of the Justice Department’s Criminal Division.
The Attorney General added, “The Department pursues forfeiture to take the profit out of crime and then use that money to compensate victims wherever possible.”
Crypto Scam News: “Cryptoqueen” Remains Missing
The collapse of the OneCoin scheme continues to unfold years after the crypto scam first came to light. While the project once promised massive returns to investors around the world, it was later exposed as one of the largest crypto frauds in history.
Several key figures linked to the scheme have already been convicted and sentenced in different countries. Authorities have taken action against lawyers, financial operators, and executives who helped move and hide investor funds. They received long prison terms and heavy penalties.
However, the co-founder known as the “Cryptoqueen,” Ruja Ignatova, is still missing. Despite global efforts to locate her and rewards offered by law enforcement agencies, she remains at large. This keeps the mystery around OneCoin’s leadership unresolved.
While Ignatova is still missing, authorities have continued to take action against people linked to the scheme in different countries. In Germany, her lawyer was convicted of moving large sums of money tied to the fraud.
Meanwhile, others were also found guilty of laundering hundreds of millions from investors. In the US, co-founder Karl Sebastian Greenwood admitted to fraud and money laundering charges.
He was later sentenced to 20 years in prison, making it one of the most serious punishments in the OneCoin case.
US Officials Call OneCoin Payout a Step Toward Justice
Notably, the US officials described the compensation process for the OneCoin crypto scam victims as an important step towards justice.
Jay Clayton, the U.S. Attorney for the Southern District of New York, stated that many “unknowingly depleted their savings for a fraudulent investment scheme in an emerging financial ecosystem that would never pay out.”
Meanwhile, the FBI officials also highlighted how severe the losses were, noting that many victims unknowingly put their life savings into what turned out to be a fake investment scheme.
They explained that the project operated in a new and confusing digital financial space, which made it easier for people to be misled.
The post $40M Crypto Scam Fallout: US DOJ Opens Claims for OneCoin Victims appeared first on The Coin Republic.
Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.This detailed match analysis covers key moments, player performances, and tactical insights.