#Cryptocurrency #USA #New York #DOJ #OneCoin

Compensation Available for OneCoin Fraud Victims

In a significant step towards justice, the U.S. Department of Justice (DOJ) has initiated a claims process for individuals who fell victim to the fraudulent cryptocurrency scheme known as OneCoin. This initiative applies to those who invested in OneCoin between 2014 and 2019 and incurred net losses.

Background of OneCoin Fraud

The OneCoin scheme, co-founded by Ruja Ignatova and Karl Sebastian Greenwood, operated as an elaborate global investment fraud. Over the years, it misled thousands of investors worldwide, promoting a non-existent cryptocurrency. The scheme led to massive financial losses and left affected parties with little recourse for their investments.

From 2014 to 2019, OneCoin positioned itself as a legitimate cryptocurrency while systematically defrauding its investors. The operations of this scheme have been legally challenged, leading to multiple criminal proceedings in the Southern District of New York.

Compensation Eligibility

The DOJ's announcement states that victims who purchased OneCoin and experienced net losses—after accounting for any payments made back—may be eligible to file for compensation. However, it’s essential to note that merely submitting a claim does not guarantee compensation.

To participate in the compensation process, claimants must submit a completed application form by June 30, 2026. This form will require detailed evidence of the financial losses incurred due to the OneCoin scheme, including receipts and transaction histories. Applications can be submitted online or through mail at the designated Kroll Settlement Administration address.

Claim Submission Process

To apply for the OneCoin Remission Program, individuals can follow these steps:
1. Fill out the application form: Ensure all sections are completed accurately, along with the necessary documentation proving the losses claimed.
2. Submit by the deadline: The completed application must reach Kroll Settlement Administration by the stipulated deadline of June 30, 2026. Claims can be submitted online via www.onecoinremission.com or mailed directly to Kroll.
3. No attorney needed: Participants should be aware that engaging a lawyer for this process is not required, and no fees will be charged by the DOJ or the claims administrator for submitting an application.

Alternatively, individuals who do not wish to participate need not take any action. If no application is submitted, they will simply not be considered for compensation under this program.

More Information

For those seeking further details on the claims process or how to file, comprehensive information can be accessed through:

• - The official website: www.onecoinremission.com
• - Phone: 1-833-421-9748
• - Email: [email protected]
• - Mailing address: OneCoin Remission, c/o Kroll Settlement Administration LLC, P.O. Box 225391, New York, NY 10150-5391

This initiative marks a significant measure of faith for OneCoin’s victims, providing a path forward in reclaiming some of the funds lost to this infamous cryptocurrency fraud. Investors affected by this scandal are advised to act swiftly and gather the necessary documentation to facilitate their claims.