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Individuals who purchased OneCoin cryptocurrency between 2014 and 2019 and experienced a net loss after accounting for any completed withdrawals may be eligible to receive compensation through the U.S. Department of Justice's remission process.
Between 2014 and 2019, Ruja Ignatova and Karl Sebastian Greenwood, co-founders of OneCoin Ltd., and others orchestrated a large, international cryptocurrency investment scheme that defrauded investors around the globe. The U.S. Attorney's Office for the Southern District of New York pursued criminal forfeiture of property derived from the fraud and made more than $40 million in forfeited assets available for victim compensation through the remission process.
Who can file a claim?
Individuals and entities are eligible for remission if they purchased OneCoin cryptocurrency between 2014 and 2019 and experienced a net loss after accounting for any withdrawals, commissions, insurance claims or other recoveries.
Additional details
- Victims do not need to be U.S. citizens or residents. Individuals from any country may file a petition.
- Representatives may file a petition on behalf of a petitioner and must provide appropriate proof of authorization.
- Filing a petition does not require an attorney.
How much can petitioners receive?
Pro rata payment: There is more than $40 million in forfeited assets available for victim compensation. The amount each eligible petitioner receives depends on their documented net losses from purchasing OneCoin cryptocurrency. The remission administrator will distribute payments on a pro rata basis, meaning each petitioner receives a proportion of the available funds based on documented losses relative to the total losses of all approved petitioners after deductions for costs associated with administering the remission process.
- The remission administrator will calculate losses as the total amount spent on OneCoin (in U.S. dollars) minus any amounts recovered from sales, commissions, insurance claims or other sources.
- If the claimant made purchases in a currency other than U.S. dollars, the remission administrator will convert the loss using the exchange rate on the date of purchase.
- Filing a petition for remission does not guarantee payment. The remission administrator and the Department of Justice will review all petitions and only approve those meeting the eligibility criteria.
How to file a petition for remission
Petitioners may file a petition online or download and complete the PDF petition form and mail or email it to the remission administrator. The petition deadline is June 30, 2026.
Remission administrator's mailing address: OneCoin Remission, c/o Kroll Settlement Administration LLC, P.O. Box 225391, New York, NY 10150-5391
Email: info@OneCoinRemission.com
Proof or documentation required to submit a petition
All petitioners must provide their Social Security number or taxpayer identification number. They must also provide purchase information, including:
- Date of each purchase
- Total purchase or acquisition price
- Type of currency used for purchase
Petitioners who recovered any portion of their investment must also provide details of each recovery, including the source, amount and type of currency received. Acceptable documentation to support purchases and losses includes:
- Emails from OneCoin
- Order confirmations
- Screenshots or copies of online account balances
- Bank statements or wire receipts showing relevant transactions
- Any other relevant documentation showing purchase and loss
Bank statements must display the account holder's name, date, transaction descriptions, amount and bank information. Petitioners must submit only complete, unaltered copies and should not send original documents as the remission administrator will not return them.
Important dates
- Deadline to file a petition: June 30, 2026
When is the OneCoin remission payout date?
The remission administrator has not announced a specific payout date. The Department of Justice will process petitions and post updates on the remission website.
Why did this remission happen?
The U.S. Department of Justice pursued criminal prosecutions against the cofounders of OneCoin and others for orchestrating a large, international cryptocurrency investment scheme between 2014 and 2019. The scheme marketed and sold a fraudulent cryptocurrency through a global multi-level marketing network, defrauding investors of more than $4 billion worldwide.
Courts sentenced several key figures involved in the scheme. The Department of Justice pursued criminal forfeiture of property derived from the fraud proceeds, and the remission process compensates victims using those recovered assets.
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