OneCoin Victims Can Now Claim a Fraction of $4 Billion Loss

Eligible victims of the OneCoin cryptocurrency fraud can now apply for compensation from a pool of more than $40 million in forfeited assets. This distribution is part of a remission process announced by the U.S. Department of Justice. The fraud, orchestrated by co-founders Ruja Ignatova and Karl Sebastian Greenwood, operated between 2014 and L2019. The group marketed a fake cryptocurrency through a global multi-level marketing network, defrauding investors of more than $4 billion. Applications must be submitted by June 30 via the designated remission portal or to Kroll Settlement Administration LLC.