DOJ opens $40 million compensation process for OneCoin fraud victims

DOJ opens compensation for OneCoin victims. Over $40 million in forfeited assets is ready for payouts.

The Justice Department launched a remission process for people defrauded by OneCoin. Funds come from property forfeited and assets traced to co-founders Ruja Ignatova and Karl Sebastian Greenwood, per the agency’s announcement here.

Prosecutors call OneCoin a fraudulent “global multi-level marketing” crypto scheme that ran from 2014 to 2019. Losses topped $4 billion worldwide, the DOJ said in its notice.

“Victims are central to our work,” said Assistant Attorney General A. Tysen Duva. The DOJ seeks to “take the profit out of crime” and use forfeited money to compensate victims through remission.

What to know:
- Who qualifies: buyers of OneCoin between 2014 and 2019 per DOJ.
- How to apply: submit a petition with supporting documents by mail, email, or online as outlined by DOJ.
- Deadline: Tuesday, June 30, 2026 per DOJ.
- Available now: more than $40 million in forfeited assets per DOJ.
- Distribution: net proceeds paid after final forfeiture orders per DOJ.

Greenwood received a 20-year prison sentence in 2023 for his role in the scheme, according to prosecutors in SDNY. Ignatova remains at large.