The U.S. Department of Justice has opened a refund process to compensate victims of the OneCoin scam, with over $40 million in seized assets to be redistributed.
According to the announcement, those affected who purchased Token between 2014 and 2019 can submit a request for refund through the official refund program website. Alternatively, people can also request this form by contacting the designated Remission Administrator via phone, email, or postal mail.
This is a step forward in efforts to return money to victims of one of the biggest cryptocurrency scams in recent years. The deadline to apply is June 30, 2026.
“Today’s announcement marks an important step in returning funds to the victims. While complete recovery of losses is not possible, our office will continue its efforts to recover assets from criminals and prioritize returning funds to victims. If you believe you are a victim of OneCoin, you can obtain an online application form at www.onecoinremission.com,” said U.S. Attorney Jay Clayton.
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The Anti-Money Laundering, Narcotics, and Asset Seizure Division of the U.S. Department of Justice is managing this process. Kroll Settlement Administration LLC is the designated entity responsible for handling refund requests.
OneCoin, co-founded by Ruja Ignatova and Karl Sebastian Greenwood, promoted and sold a fraudulent cryptocurrency through a global multi-level marketing scheme since 2014. Operating in Sofia, Bulgaria, the scam used unrealistic promises of high returns to attract small investors.
In total, this scam defrauded victims worldwide of over $4 billion. Greenwood pleaded guilty and was sentenced to 20 years in prison in September 2023, along with $300 million in restitution. Ignatova, also known as the "Crypto Queen," has been on the run since 2017 and remains on the FBI's wanted list.
