{"id":40999,"date":"2026-04-14T23:31:15","date_gmt":"2026-04-14T23:31:15","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=40999"},"modified":"2026-04-14T23:31:15","modified_gmt":"2026-04-14T23:31:15","slug":"onecoin-scam-doj-opens-path-for-compensation-with-40-million-in-forfeited-assets","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=40999","title":{"rendered":"OneCoin Scam: DOJ Opens Path For Compensation With $40 Million In Forfeited Assets"},"content":{"rendered":"

The US Justice Department (DOJ) has announced a compensation process for victims of the OneCoin fraud. The funds are expected to come from property forfeited in the case, money traced back to the people behind the scheme, including co-founders Ruja Ignatova and Karl Sebastian Greenwood.\u00a0<\/p>\n

The DOJ said in a Monday statement that more than $40 million in forfeited assets are currently available for victim compensation.<\/p>\n

OneCoin Proceeds To Compensate Victims\u00a0<\/h2>\n

OneCoin was an international cryptocurrency investment scheme that ran from 2014 to 2019 and relied on deception to draw in investors around the world. Prosecutors say Ignatova and Greenwood, along with others, orchestrated the scheme.\u00a0<\/p>\n

Ignatova, dubbed \u201cthe CryptoQueen,\u201d disappeared on October 25, 2017. Since then, she has been presumed to be on the run from various international law enforcement agencies. Greenwood, on the other hand, was sentenced <\/a>to 20 years in prison in 2023 for his participation in the scheme.\u00a0<\/p>\n

The DOJ describes <\/a>OneCoin as a fraudulent cryptocurrency that was marketed and sold through a \u201cglobal multi-level marketing network.\u201d Although OneCoin began operations in Bulgaria, the scheme reached beyond Europe and targeted victims globally through promises that officials say were false.<\/p>\n

The DOJ stated that the scheme resulted in losses that totaled more than $4 billion worldwide. In the agency\u2019s description, investors were misled about the nature and legitimacy of OneCoin, and many put money into what the DOJ characterizes as \u201ca lie disguised as cryptocurrency.\u201d<\/p>\n

At the same time, prosecutors sought criminal forfeiture of property linked to proceeds from the fraud scheme<\/a>. The DOJ explained that once a final order of forfeiture is issued, net proceeds from those forfeited assets would be used to compensate victims through the remission process.<\/p>\n

DOJ Details Remission Rules And Deadline<\/h2>\n

While the announcement focuses on the compensation pathway, DOJ officials also framed the forfeiture effort as a way to both remove illegal gains and redirect them toward harm prevention.\u00a0<\/p>\n

Assistant Attorney General A. Tysen Duva of the Justice Department\u2019s Criminal Division said in the statement that victims <\/a>are central to the department\u2019s work.\u00a0He said the DOJ pursues forfeiture to \u201ctake the profit out of crime\u201d and then use that money to compensate victims where possible. \u2018<\/p>\n

Under the DOJ\u2019s description, the remission process is intended for victims who purchased OneCoin cryptocurrency between 2014 and 2019.\u00a0<\/p>\n

The DOJ\u2019s announcement explained that eligible victims<\/a> may be able to seek compensation through this process, which relies on a petition submission to be considered.<\/p>\n

The agency clarified that submissions must be mailed, emailed, or submitted online along with supporting documentation by the deadline of Tuesday, June 30, 2026.\u00a0<\/p>\n

\"OneCoin\"<\/p>\n

Featured image from OpenArt, chart from TradingView.com <\/p>","protected":false},"excerpt":{"rendered":"

The US Justice Department (DOJ) has announced a compensation process for victims of the OneCoin fraud. The funds are expected to come from property forfeited in the case, money traced back to the people behind the scheme, including co-founders Ruja Ignatova and Karl Sebastian Greenwood.\u00a0 The DOJ said in a Monday statement that more than […]<\/p>\n","protected":false},"author":1,"featured_media":41000,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-40999","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nOneCoin Scam: DOJ Opens Path For Compensation With $40 Million In Forfeited Assets - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=40999\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OneCoin Scam: DOJ Opens Path For Compensation With $40 Million In Forfeited Assets - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"The US Justice Department (DOJ) has announced a compensation process for victims of the OneCoin fraud. The funds are expected to come from property forfeited in the case, money traced back to the people behind the scheme, including co-founders Ruja Ignatova and Karl Sebastian Greenwood.\u00a0 The DOJ said in a Monday statement that more than […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=40999\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-14T23:31:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tradingview.com\/x\/Wga2ErYa\/\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=40999#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=40999\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"OneCoin Scam: DOJ Opens Path For Compensation With $40 Million In Forfeited Assets\",\"datePublished\":\"2026-04-14T23:31:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=40999\"},\"wordCount\":446,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=40999#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/image_v251vWWh_1776204665123_raw-BnJCfN.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=40999\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=40999\",\"name\":\"OneCoin Scam: DOJ Opens Path For Compensation With $40 Million In Forfeited Assets - 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