The U.S. Department of Justice has launched a compensation process for victims of the OneCoin cryptocurrency fraud. Victims can file petitions to claim a share of over $40 million in forfeited assets through a dedicated website administered by Kroll Settlement Administration LLC. The deadline for submissions is June 30, 2026. OneCoin, a fake cryptocurrency scheme, defrauded investors of approximately $4 billion globally from 2014 to 2019.
The U.S. Department of Justice has announced a compensation process for victims of OneCoin, the fake cryptocurrency scheme that defrauded investors of some $4 billion. Victims can now file petitions to claim their share of over $40 million in forfeited assets at onecoinremission.com, through a process administered by Kroll Settlement Administration LLC.
“Victims are at the core of everything we do at the Department of Justice,” said Assistant Attorney General A. Tysen Duva of the Justice Department’s Criminal Division. He stated that the Department pursues forfeiture to take the profit out of crime and then uses that money to compensate victims.
Jay Clayton, U.S. Attorney for the Southern District of New York, called the announcement an important step toward returning funds to those harmed. James C. Barnacle Jr., Assistant Director in Charge of the FBI New York Field Office, noted the monumental victim losses, saying many unknowingly depleted their savings.
The available compensation funds stem from successful prosecutions of OneCoin’s leadership. Co-founder Karl Sebastian Greenwood was sentenced to 20 years in prison in 2023, with authorities seizing assets that now form part of the victim compensation pool.
Ruja Ignatova, the scheme’s other co-founder known as the “Cryptoqueen,” remains at large. International authorities continue to hunt for Ignatova, with the FBI adding her to its Ten Most Wanted Fugitives list and Europol placing her on its most-wanted register.
In 2024, the U.S. State Department raised the bounty on Ignatova to $5 million. Her disappearance remains unresolved, with alleged sightings in Russia competing with theories that she may have been killed years earlier.
The Justice Department continues to pursue Ignatova as part of the ongoing investigation. Earlier this year, a court in Guernsey seized $11.4 million linked to the OneCoin fraud.
