The U.S. Department of Justice has launched a compensation program for OneCoin victims, with over $40 million in funds available for distribution
The U.S. Department of Justice has announced that it has initiated a compensation program for victims of the OneCoin cryptocurrency fraud case, with over $40 million in forfeited assets available for payout.
The program is aimed at investors who purchased OneCoin and incurred net losses between 2014 and 2019. U.S. prosecutors stated that this move is intended to return some of the illicit proceeds to the victims. OneCoin was initiated by Ruja Ignatova and Karl Greenwood, with the related fraud exceeding $4 billion. Ignatova has been missing since 2017, and Greenwood was sentenced to 20 years in prison in 2023.
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