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The U.S. will allocate $40 million for compensation to victims of the OneCoin cryptocurrency scheme., 2026/04/14 12:05:58
The U.S. Department of Justice has announced the initiation of a compensation program for victims of OneCoin, one of the largest cryptocurrency Ponzi schemes, which caused losses exceeding $4 billion. More than $40 million from confiscated assets is set to be allocated for these payouts.
According to the official announcement, the agency has commenced the process of distributing funds seized during the criminal prosecution of the scheme’s organizers. The U.S. Justice Department provided details about the compensation program, including the criteria for applicant selection and the application submission process.
Compensation will be available to both individuals and entities that can provide documentation verifying their investments in OneCoin. Priority will be given to applicants who have suffered the greatest losses.
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Applications are accepted through a dedicated online portal. Participants are required to submit financial documents that confirm the transfer of funds and to apply within the specified deadlines. After verifying the information, the agency will determine the amount of compensation.
The OneCoin project was marketed as a cryptocurrency; however, it was essentially a financial pyramid. Investors were promised high returns and access to an “innovative” asset that did not actually exist. Investigators estimate that the total losses exceeded $4 billion, with the project’s activities spanning Europe, Asia, and the Middle East.
One of the key figures in the scheme was Ruja Ignatova, known as the “crypto queen.” She vanished in 2017 and remains at large.
U.S. authorities have confiscated a portion of the assets linked to OneCoin, including bank accounts and real estate. These funds are being used to partially reimburse the victims’ losses.
Previously, a court in the Southern District of New York sentenced attorney Mark Scott, who was involved in laundering funds for the OneCoin organizers, to 10 years in prison.
