The U.S. Department of Justice has opened a OneCoin compensation process for victims of the OneCoin fraud.
The program makes more than $40 million in forfeited assets available to eligible claimants. It covers people who bought OneCoin between 2014 and 2019 and recorded a net loss. The filing deadline is June 30.
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The Justice Department said the funds come from assets seized from people tied to the scheme. It also said the process is being handled through the Criminal Division’s forfeiture program, with Kroll Settlement Administration LLC serving as the administrator. Victims do not need to pay to take part in the DOJ compensation process.
Jay Clayton, the U.S. Attorney for the Southern District of New York, said the process is “an important step toward returning funds to those harmed.” He also said, “While no recovery can fully undo the damage, our Office will continue working to seize criminal proceeds and prioritize getting money back into the hands of victims.”
OneCoin Compensation Process Opens for Net-Loss Victims
The OneCoin compensation process applies to people who purchased OneCoin during the years when the scheme operated and lost money overall.
In other words, the Justice Department is not opening the process to everyone who once held the token. It is limited to OneCoin victims who can show a net loss.
The department also gave basic filing details. Victims can submit a petition through the official remission process. They can also contact the administrator directly for help with the claim. At the same time, the department warned that no fee is required to join the process.
Assistant Attorney General A. Tysen Duva said victims remain central to the department’s work. Meanwhile, FBI official James C. Barnacle Jr. said many people were misled by “falsified statements and empty promises.” IRS-CI official Jenifer L. Piovesan said investigators worked to trace the money and recover assets for victims.
OneCoin Fraud Left Billions in Losses Worldwide
The Justice Department has described OneCoin fraud as a global scheme sold through a multi-level-marketing structure. Prosecutors said the operation began in 2014 in Sofia, Bulgaria. They also said it brought in more than $4 billion from victims around the world.
The case centered on Ruja Ignatova and Karl Sebastian Greenwood, who launched OneCoin and promoted it as a cryptocurrency. Prosecutors later said the token had no real blockchain behind it and that the business was built on false claims. Greenwood was sentenced to 20 years in prison in September 2023 for his role in the fraud.
The department has said millions of people were affected. Some reports and case summaries placed the number of victims in the millions, while the losses linked to the scheme reached billions of dollars.
The current DOJ compensation pool of more than $40 million is therefore much smaller than the total harm described by prosecutors.
Ruja Ignatova Remains Missing as OneCoin Recovery Efforts Continue
While Karl Sebastian Greenwood has already been sentenced, Ruja Ignatova remains missing. The FBI still lists her on its Ten Most Wanted Fugitives list. The agency says a reward of up to $5 million is available for information leading to her arrest or conviction.
The FBI says Ruja Ignatova disappeared in 2017. Its notice says she may have traveled with armed guards or associates and may have changed her appearance over time.
Her disappearance made the OneCoin fraud case one of the most widely known crypto crime cases in recent years.
Now the Justice Department is focusing on returning part of the recovered money to crypto fraud victims. The new OneCoin compensation process gives eligible claimants a formal path to seek recovery from the available forfeited assets before the June 30 deadline.
Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: April 14, 2026 • 🕓 Last updated: April 14, 2026
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