#USA #Washington #Fraud Victims #AirBit #Compensation Fund

Compensation Fund Opens for AirBit Fraud Victims

In an important development for those affected by the AirBit fraud scheme, RCB Fund Services LLC has announced the initiation of a compensation fund aimed at providing restitution for victims of this fraudulent operation. The fund, officially known as the AirBit Victim Fund (AVF), was created in coordination with the U.S. Department of Justice (DOJ) to address the substantial financial losses incurred by individuals who were deceived into purchasing memberships under false pretenses.

Background of the AirBit Scheme

AirBit, which operated as a cryptocurrency trading platform, lured individuals with promises of guaranteed daily returns derived from supposed mining and trading activities. Unfortunately, these claims turned out to be misleading and baseless. As a result, many individuals suffered significant financial losses, making it imperative to establish a mechanism for compensation.

Who Qualifies for Compensation?

To be eligible for compensation from the AVF, applicants must meet specific criteria. Only those individuals who have directly experienced financial losses resulting from the AirBit fraud are considered 'victims.' It is essential to note that individuals who merely transferred funds on behalf of others or who did not incur a real financial loss will not qualify for compensation. Therefore, a clear distinction is made to ensure that only individuals who genuinely suffered economic damages are compensated.

Calculating Eligible Losses

The method for determining losses eligible for compensation is structured around a clear framework known as 'inflows and outflows of cash.' Under this methodology, applicants must provide documentation showing the total amount of money or virtual currency used to buy memberships in the AirBit program (referred to as 'inflows'). This total amount is then reduced by any funds or currency withdrawn from the AirBit platform (known as 'outflows'). Importantly, any fictitious or paper earnings communicated to participants will not be considered when calculating eligible losses, ensuring that only real financial losses are acknowledged.

How to Apply for Compensation

Individuals who believe they meet the criteria for compensation are encouraged to submit a complete application form along with supporting documentation before the deadline of July 31, 2026. The most accessible way to apply is online at www.airbitvictimfund.com. Additionally, potential claimants have alternative options:

1. Download and Print: They can download and print a petition form from the official site and mail it to the designated address.
2. Request a Form: They can request a form by calling toll-free at (800) 765-7251.
3. Email Request: They can also request a form via email at [email protected].

Submission Deadline

All applications for compensation must be submitted either online or via post before the midnight deadline on July 31, 2026. To ensure that their claims are processed efficiently, applicants are highly encouraged to submit their forms as soon as possible.

For those impacted by this fraudulent scheme, this compensation fund represents a critical opportunity for recovery and restitution. The establishment of the AVF is a significant step towards acknowledging the harms caused and providing a pathway to financial healing for the victims of the AirBit fraud. It is essential for victims to take prompt action and ensure that their claims are filed before the deadline to secure the compensation they rightfully deserve.