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DOJ Opens $40 Million Claims Process for OneCoin Fraud Victims

Victims now have a path to seek partial repayment through a federal remission program funded by seized assets.

Onecoin victims get a $40 million lifeline more than a decade after the scam began
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Us doj opens compensation for $4 billion onecoin fraud victims

Overview

  • The Justice Department, which announced the program Monday, opened a $40 million fund from seized assets for people harmed by the OneCoin scheme.
  • Eligible claimants are investors who bought OneCoin between 2014 and 2019 and they must file at onecoinremission.com by June 30, 2026.
  • Kroll Settlement Administration is running the process, and officials warn that no one will ask victims to pay any fee to participate.
  • OneCoin posed as a cryptocurrency with no real blockchain, was co-founded by Ruja Ignatova and Karl Sebastian Greenwood, and drew over $4 billion from as many as 3.4 million investors.
  • Recoveries remain a small share of total losses, so payouts will be partial as authorities keep pursuing more assets and the fugitive co-founder Ruja Ignatova.