The United States Department of Justice (DOJ) has said was officially introduced compensation plan for victims and OneCoin scam, one of the biggest and most notorious cryptocurrencies in history. Between 2014 and 2019, OneCoin defrauded millions of investors around the world, collecting more than $4 billion through a fraudulent online marketing (MLM) network.
Following the seizure of the assets of key individuals in the fraud, the DOJ is now doing more than that $40 million the availability of forgiveness for those who lost money.
How to Claim OneCoin Payments
Victims who bought the fake OneCoin cryptocurrency in the middle 2014 and 2019 are eligible to file a claim for compensation. The operation is managed by the Criminal Division’s Money Laundering, Narcotics and Forfeiture Section.
- Official Website: www.onecoinremission.com
- Deadline: All requests must be submitted by June 30, 2026.
- Supervisor: Kroll Settlement Administration LLC.
What was the OneCoin Scheme?
Established in 2014 by Ruja Ignatova (commonly known as “Cryptoqueen”) and Carl Sebastian GreenwoodOneCoin was marketed as a digital currency that would eventually kill Bitcoin. Headquartered in Sofia, Bulgaria, the company works through an MLM system where users are paid commissions to sign up for new money in a training package that is purportedly classified as “mining” rights to OneCoin.
Indeed, OneCoin did not have a verifiable blockchain, no legal value, and its value was internally manipulated. While Greenwood was sentenced to 20 years in prison in 2023, Ignatova remains innocent and is currently at large. FBI’s Top Ten Most Wanted list.
The DOJ’s Procedure for Forfeiture and Exemption
The current effort is the result of years of litigation in the Southern District of New York. The Department of Justice uses asset forfeiture to “seize the proceeds of crime,” confiscating high-value assets, bank accounts, and locations where stolen funds are found.
United States Attorney Jay Clayton said: “Today’s announcements are an important step toward restitution for those who have been injured. “While there is no recovery that can completely undo the damage, our Office will continue to work to recover cases.”
The $40 million currently available represents only a fraction of the $4 billion lost, but it is an important issue for victims who have waited years for compensation.
How to Earn OneCoin Payments
The threat removal system is open to victims worldwide, reflecting the high level of fraud worldwide. To participate, people must:
- Go to the elder OneCoin Remission portal.
- Download and complete Application Form.
- Provide documents confirming the dates and amounts of their OneCoin deposits.
- Submit the form before June 30 deadline.
Investors should be careful with the second crypto scam claiming that they can speed up the process of refunding money. The DOJ approved process does not require you to make any future payments to get the refund.
Search for “Cryptoqueen”
Although the payment system provides some closure, the search remains active. The FBI and IRS-CI are still investigating Ruja Ignatova. Authorities believe she may have had plastic surgery or other procedures to alter her appearance to avoid being caught.
The DOJ’s effort to return $12.5 billion to victims of crime since 2000 shows the growth of the Wealth Forfeiture Program, and the OneCoin case stands as one of the most difficult exchanges and fraud investigations.
