The FBI is encouraging victims of the OneCoin cryptocurrency scam to apply for compensation to the government before June 30, 2026, the deadline, and more than $40 million in confiscated assets are still available.
The Department of Justice (DOJ) launched the amnesty process on April 13, making the money available to eligible investors. Victims can submit complaints online, by email, or by email through onecoinremission.com, the only official site.
A $4 Billion Fraud Built on False Promises
OneCoin was launched in 2014 from Sofia, Bulgaria, with founders pitching it as the next big cryptocurrency. Co-founders Ruja Ignatova and Karl Sebastian Greenwood positioned it as an underground competitor to Bitcoin (BTC), attracting investors from many countries.
Unlike real cryptocurrencies, OneCoin did not have a real blockchain, and its tokens were worthless.
Ignatova and Greenwood promoted growth through a multi-channel marketing network. Existing investors earned commissions by recruiting new buyers, who in turn recruited more. As a result, victims worldwide collectively lost more than $4 billion.
Thai authorities arrested Greenwood in July 2018, and US authorities recently released him. He received a 20-year prison sentence in September 2023, and a court order to forfeit $300 million. Ignatova, however has evaded capture since 2017 and remains on the FBI’s Ten Most Wanted list.
Also, profile update reports he thinks he may have changed his appearance, which led to his hunting.
FBI New York Assistant Director James C. Barnacle Jr. he explained the magnitude of the harm.
“Misled by false statements and empty promises, many have unwittingly spent their savings to fraudulently invest in a growing financial system that will never be profitable.”
DOJ Warns of New Scam Victims
This program affects people who bought OneCoin between Q4 2014 and Q4 2019 and lost a lot of money. However, submitting an application does not guarantee that you will be paid.
BeInCrypto has it covered Establishing a DOJ waiver program in April, when the application window first opened. Registration is free. The DOJ warned that anyone else who pays the fine is committing second-degree fraud. The US State Department is offering a $5 million reward for information leading to Ignatova’s arrest.
With June 30 now a few days away, qualifiers are facing a narrow window. DOJ photos spending a lot of money on crypto fraud the signs continue to strengthen, and the warnings grow crypto construction fraud show why the forgiveness fund is still a direct recovery method OneCoin money.
A note FBI Urges OneCoin Victims to Pay DOJ Fees Before June 30 appeared for the first time BeInCrypto.
