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The U.S. Department of Justice initiates compensation process for victims of the OneCoin scam case
ME News Report, April 13 (UTC+8), the U.S. Department of Justice announced the launch of a compensation application process for victims of the OneCoin cryptocurrency scam. The Department has initiated criminal forfeiture proceedings against the proceeds of the crime, and the net proceeds from the confiscated assets will be used to compensate victims. Victims who purchased OneCoin between 2014 and 2019 and suffered net losses can submit a compensation claim at onecoinremission.com before June 30, 2026, with no fees and no need to hire an attorney. OneCoin was co-founded in 2014 by Bulgarian Ruja Ignatova (nicknamed “Crypto Queen”) and Karl Sebastian Greenwood, under the guise of selling fake cryptocurrency education packages, attracting investors worldwide to buy the OneCoin tokens, which never actually operated on any blockchain. The scam is estimated to have defrauded between $4 billion and $15 billion, making it one of the largest cryptocurrency scams in history. Ignatova mysteriously disappeared in 2017 and remains one of the FBI’s most wanted; Greenwood was sentenced to 20 years in prison in 2023. (Source: Foresight News)