The U.S. Federal Bureau of Investigation [FBI] is urging victims of the OneCoin cryptocurrency fraud to file compensation claims before the June 30 deadline. It reminds eligible investors that they may be able to recover losses through a remission program funded by more than $40 million in forfeited assets.
In an update, the FBI directed victims to the U.S. Department of Justice’s [DOJ] OneCoin Remission Program, which allows eligible investors to seek compensation from assets recovered during the government’s prosecution of individuals behind one of the largest cryptocurrency fraud schemes in history.
The reminder comes just days before the filing window closes.
FBI renews appeal ahead of filing deadline
According to the FBI, victims who purchased OneCoin packages between the fourth quarter of 2014 and the fourth quarter of 2019 and suffered a net financial loss may qualify for compensation.
The agency urged eligible investors to submit petitions through the official OneCoin Remission Program before the June 30, 2026, deadline.
The compensation process follows the DOJ’s April announcement that more than $40 million in forfeited funds had been made available for distribution to eligible victims.
OneCoin victims lost more than $4 billion
The FBI reiterated that OneCoin defrauded investors worldwide of more than $4 billion. This was done by falsely marketing itself as a cryptocurrency while operating as a pyramid scheme.
The scheme was co-founded by Ruja Ignatova, who remains on the FBI’s Ten Most Wanted Fugitives list after disappearing in 2017.
Her co-founder, Karl Sebastian Greenwood, was sentenced to 20 years in prison in 2023. He pleaded guilty to wire fraud and money laundering charges related to the scheme.
DOJ compensation program remains open until June 30
The DOJ’s remission program is administered independently of the criminal proceedings. It is intended to distribute recovered assets to eligible victims.
Authorities said investors who believe they qualify should complete the official claims process before the deadline. The government will then review submitted petitions to determine eligibility for reimbursement.
The FBI encouraged victims who have not yet applied to act promptly before the program closes.
Final Summary
- The FBI is urging eligible OneCoin victims to apply for compensation before the DOJ’s June 30 deadline through a remission program funded with more than $40 million in recovered assets.
- The program follows years of enforcement actions against the operators of the fraudulent scheme, which prosecutors say caused more than $4 billion in investor losses.