Bitcoin News
By Pankaj K
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How the Money Gets Split Up. The DOJ seized these funds from bank accounts and properties tied to the scheme's leaders.
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Global Hunt Continues. International law enforcement agencies are still hunting for more Onecoin assets.
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Justice Department officials kicked off a massive compensation effort this week. The agency will distribute over $40 million to people who got burned by the Onecoin fraud, one of…
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The whole thing was pretty much a house of cards from day one. Onecoin launched in 2014, right when Bitcoin was getting hot, and the scammers knew exactly what they were doing.
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Ruja Ignatova ran the show. She's been on the FBI's most wanted list since 2017, earning the nickname "Cryptoqueen" for obvious reasons.
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The DOJ seized these funds from bank accounts and properties tied to the scheme's leaders. That's where the $40 million comes from, though it's probably just a fraction of what…
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Konstantin Ignatov, Ruja's brother, got arrested in 2019 and flipped on the operation. His cooperation helped authorities trace the money trail and recover these assets.
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The compensation process won't be simple. Many victims invested their life savings and have been waiting years for any kind of relief.
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International law enforcement agencies are still hunting for more Onecoin assets. The FBI keeps chasing leads on Ignatova's whereabouts, with her last confirmed sighting in…
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The scheme hit investors across multiple continents, making this a truly global mess. European and Asian authorities are working with the DOJ to track down additional hidden funds.
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Officials from the U.S. Attorney's Office for the Southern District of New York are running the compensation program.
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But there's a catch. The DOJ doesn't have a complete list of everyone who got scammed, especially victims outside the U.S.
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The deadline for claims is December 31, 2026. Miss that date and you're probably out of luck.
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Scammers are already trying to exploit the situation. The DOJ warned on April 10, 2026 that fake websites are popping up claiming to help with compensation claims.
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The whole Onecoin operation pulled in around $4 billion before it collapsed. That means the $40 million being distributed represents maybe one percent of what investors actually…
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