The U.S. Justice Department has opened a compensation process for OneCoin victims, with more than $40 million in forfeited assets available. Eligible claimants who bought OneCoin between 2014 and 2019 and suffered net losses can file petitions by June 30.
The U.S. Department of Justice has opened a formal compensation process for victims of the OneCoin fraud. The program covers people who bought the token between 2014 and 2019 and suffered a net financial loss. More than $40 million in forfeited assets is now available, although reported losses from the scheme exceed $4 billion worldwide.
DOJ opens remission process for OneCoin victims
The Justice Department announced the start of the remission process on April 13, 2026. It said that victims who purchased OneCoin between 2014 and 2019 may file for compensation through the official remission process. The filing deadline is June 30.
The department said the available funds come from assets seized through criminal forfeiture. It added that the remission process is being managed by the Criminal Division’s Money Laundering, Narcotics and Forfeiture Section. Kroll Settlement Administration LLC is serving as the remission administrator for the case.
Assistant Attorney General A. Tysen Duva said, “Victims are at the core of everything we do at the Department of Justice.” He added that the department uses forfeiture to strip profits from crime and, where possible, return money to victims.
The OneCoin scheme caused more than $4 billion in losses
According to the Justice Department, OneCoin began operations in 2014 and was based in Sofia, Bulgaria. The company promoted OneCoin as a cryptocurrency and sold it through a global multi-level marketing network. U.S. authorities said the business relied on false claims and misleading statements about the token.
The department said Ruja Ignatova and Karl Sebastian Greenwood, along with others, ran the scheme and drew in investors from around the world. Victims were told they were buying into a real cryptocurrency, but the product later became one of the most well-known fraud cases tied to digital assets.
U.S. Attorney Jay Clayton said, “Between 2014 and 2019, OneCoin’s founders sold a lie disguised as cryptocurrency, costing victims more than $4 billion worldwide.” He said the compensation process is “an important step toward returning funds to those harmed.”
Several people connected to the scheme have already been prosecuted in the Southern District of New York. Ignatova remains a fugitive and is still listed on the FBI’s Ten Most Wanted Fugitives list. The FBI continues to seek information on her whereabouts.
Who can apply and what victims should know
The Justice Department said people may qualify if they bought OneCoin between 2014 and 2019 and recorded a net loss after subtracting any withdrawals or recovered funds. It also said filing a petition does not guarantee payment. Victims must provide records that support their claimed losses.
People who believe they are eligible can request or complete a petition form through the official remission website. The department also said victims can contact the administrator by phone, email, or mail to ask for a form and review the eligibility rules.
Federal agencies also warned victims to watch for follow-up scams linked to the compensation process. The Justice Department said neither it nor the remission administrator will ask for payment to join the program. It urged victims to ignore anyone claiming fees are required.
FBI Assistant Director in Charge James C. Barnacle Jr. said, “Misled by falsified statements and empty promises, many unknowingly depleted their savings for a fraudulent investment scheme.” The FBI and IRS Criminal Investigation led the case, while the Justice Department said its asset forfeiture program has returned more than $12.5 billion to crime victims since 2000.
