Altcoins News
By Julie Binoche
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How the Scam Worked. The OneCoin crew sold "education packages" that supposedly included tokens for their blockchain…
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Compensation Details. The Justice Department hasn't spelled out exactly how much money victims can expect to get back.
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Ongoing Manhunt. Ruja Ignatova, dubbed the "Cryptoqueen," is still on the run.
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The Justice Department rolled out a compensation process Monday for victims of the massive OneCoin crypto fraud.
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OneCoin fooled millions of people worldwide with promises of huge returns and minimal risk. Ruja Ignatova and Karl Sebastian Greenwood founded the Bulgarian operation, but their…
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Victims got burned hard. The scammers pulled in roughly $4 billion from investors who thought they were buying into the next big crypto breakthrough.
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The OneCoin crew sold "education packages" that supposedly included tokens for their blockchain platform. Problem was, there wasn't any blockchain platform.
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The fraud's reach was pretty staggering. Millions of victims across dozens of countries got caught up in OneCoin's web of lies.
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Mark Scott, a former attorney, got convicted in 2019 for laundering $400 million through the scheme.
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Documentation is going to be crucial for anyone wanting compensation. Victims should gather up all their transaction records, emails with OneCoin reps, and any promotional…
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And here's something important - no third-party companies are authorized to help with this process.
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The compensation plan needs judicial approval before any money changes hands. That timeline remains unclear, so victims are stuck waiting for more announcements from federal…
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Ruja Ignatova, dubbed the "Cryptoqueen," is still on the run. The FBI put her on their Ten Most Wanted list with a $100,000 reward for information leading to her arrest.
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Europol seized several high-value assets in April 2026 during coordinated raids across multiple countries.
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A class-action lawsuit filed in New York in March 2025 targets OneCoin promoters who allegedly knew about the fraud.
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