#USA #Syracuse #DOJ #AirBit Club #RCB Fund Services

Establishment of the AirBit Victim Fund

In a significant move to aid those affected by the fraudulent activities of the AirBit Club, the RCB Fund Services LLC has announced the opening of a compensation fund aimed at victims who suffered financial losses. This initiative is being conducted under the auspices of the United States Department of Justice (DOJ), which has appointed RCB as the claims administrator.

Background of the Fraud

The AirBit Club operated under the guise of a legitimate business, promising unsuspecting investors substantial daily returns purportedly generated from cryptocurrency mining and trading. Many individuals were lured into investing large sums based on these false representations, leading to widespread financial devastation among participants. As a result, the DOJ established the AirBit Victim Fund (AVF) to provide reparations to those affected.

Who is Eligible for Compensation?

To qualify for compensation from the AVF, individuals must be formally recognized as victims of the AirBit fraud. This designation is reserved for those who can demonstrate a direct financial loss due to the misleading activities of the AirBit Club. Notably, individuals who merely transferred funds on behalf of others, without experiencing a personal financial loss, will not be eligible for compensation.

How are Losses Calculated?

Compensation calculations will adhere strictly to a 'Cash-in, Cash-out' approach. In this method, claimants must substantiate the total amount they invested in AirBit Club memberships—referred to as Cash-in. This figure is then reduced by the amount of any funds or digital currency withdrawn from the club, identified as Cash-out. Any fictional or reported gains from participation will not factor into the compensable losses.

Application Procedure

Victims wishing to claim their compensation must submit a completed application form along with relevant documentation by the specified deadline. Conveniently, applicants can register online through the official website www.airbitvictimfund.com. Alternatively, they can:

• - Download a form from the website, print it, and send it to the provided address.
• - Call the toll-free number (800) 765-7251 to request a form.
• - Email their request to [email protected].

Deadline for Applications

All applications must be submitted online or postmarked by the deadline of July 31, 2026, by midnight.

Address for Written Submissions

AirBit Victim Fund
PO Box 6090
Syracuse, NY 13217-6090

For more details, individuals affected by the AirBit Club fraud are encouraged to visit the AirBit Victim Fund website or reach out via the toll-free number mentioned above. This fund represents a crucial step towards restitution for those who unjustly fell prey to the fraudulent schemes of the AirBit Club.