The FBI is urging OneCoin victims to file compensation claims by June 30 to access $40 million in forfeited assets, warning against fake recovery agents.
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OneCoin victims have until the end of June to file claims for compensation. The FBI issued the reminder this week, warning that late petitions may not be accepted.
The payout comes from a Department of Justice remission program. It uses more than $40 million in forfeited assets recovered from figures tied to the scheme. The program covers individuals who bought OneCoin between 2014 and 2019 and suffered a net financial loss.
Victims can submit petitions through onecoinremission.com. The site accepts submissions online or by email. Kroll Settlement Administration manages the process. The FBI stressed that justice.gov and onecoinremission.com are the only authorized websites for the investigation.
That warning matters. Fraud victims are frequently targeted by fake recovery agents who promise to get money back for an upfront fee. The FBI said anyone contacted by such agents should report it to the Internet Crime Complaint Center.
The scale of the fraud is massive. The FBI said victims worldwide lost more than $4 billion. OneCoin operated as a multi-level marketing scheme. Buyers purchased packages that supposedly gave them tokens to mine a new cryptocurrency. The project called itself a "Bitcoin killer."
Prosecutors said the product had no real value. Karl Sebastian Greenwood, a co-founder, was sentenced to 20 years in prison in September 2023. He was ordered to forfeit $300 million. The other co-founder, Ruja Ignatova, remains at large. She was charged in the Southern District of New York in 2017 and added to the FBI's Ten Most Wanted Fugitives list in 2022. The U.S. State Department is offering up to $5 million for information leading to her arrest.
FBI New York Assistant Director in Charge James C. Barnacle Jr. said victims were misled by false statements and empty promises. He said the FBI is committed to returning the stolen funds. U.S. Attorney Jay Clayton described OneCoin as a lie disguised as cryptocurrency.
The June 30 deadline is the last chance for victims to file. After that, late claims may not be considered. The FBI encourages anyone who believes they are a victim of crypto investment fraud to report it through the official channels.
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