The Justice Department has kicked off a long-awaited claims process to get at least some money back to people burned by OneCoin, the global crypto scheme that prosecutors say siphoned billions from investors. The new program puts a pool of recovered, forfeited assets on the table for purchasers who suffered net losses and sets a hard deadline for filing.
How To File And What Counts
Anyone who bought OneCoin between 2014 and 2019 and ended up with a net loss can submit a petition for remission. Petitions must be postmarked or received by June 30, 2026, and do not require any payment or a lawyer.
The petition form and instructions are posted on the official administrator portal, OneCoin Remission. The Department of Justice summarized the program in a notice issued through Kroll. According to the DOJ, applicants have to provide documentation that backs up their claimed monetary losses as part of the review.
How Much Money Is In The Pot
The distributable pool described in the announcement comes to roughly $40 million, a relatively small slice of what the scheme is alleged to have pulled in worldwide. Cointelegraph and other outlets reporting on the Justice Department notice say the funds trace back to criminal forfeiture cases in the Southern District of New York.
Because the pool is limited and the alleged fraud ran into the billions, any compensation is expected to be prorated among approved petitioners rather than a full refund. In other words, victims are likely to get a piece of their losses back, not the whole thing.
Who Is Running This And What Happens Next
The remission program is being run by Kroll Settlement Administration on behalf of the Justice Department, and the Southern District of New York handled the underlying forfeiture actions that fed money into the fund.
The FBI’s New York field office says it will keep working the broader OneCoin investigation in partnership with the Southern District of New York and IRS Criminal Investigation. Agents are still looking for information about the scheme, including tips on fugitive co‑founder Ruja Ignatova, and are urging anyone with leads to contact the bureau at tips.fbi.gov or 1‑800‑CALL‑FBI. See the FBI New York post and the Ten Most Wanted page on the FBI site for more on the investigation and reporting options.
What Victims Should Expect
Submitting a petition is not a guaranteed payout. Petitioners have to substantiate their losses, and distributions are capped by the net proceeds of forfeited assets, in line with the Justice Department’s asset forfeiture procedures.
Guidance published through PR Newswire stresses that neither the Department nor Kroll will ever ask victims for money to file. That warning is not subtle: people should be on the lookout for copycat or “we can help you get your money” scams trying to piggyback on this process.
For broader context, the Justice Department notes that its Asset Forfeiture Program has returned billions of dollars to victims in past cases, using the same basic framework of seizing criminal proceeds and channeling them into victim compensation.
How This Fits Into The Legal Fight
The remission window follows a run of criminal convictions tied to OneCoin. Co‑founder Karl Sebastian Greenwood pleaded guilty and received a long federal sentence, and other associates have been convicted and hit with forfeiture orders linked to the scheme.
Reporting on the DOJ announcement connects those forfeiture orders to the pool now available for remission and frames the new program as one step in a broader, multi‑jurisdictional push to turn seized assets into real recoveries for harmed investors, even if the payback only covers a fraction of what was lost.
Victims who believe they may qualify are encouraged to gather purchase records, bank and payment statements, and any correspondence showing withdrawals or transfers. Once that paperwork is in hand, they can submit a completed petition at onecoinremission.com or contact the administrator at 1‑833‑421‑9748 before the June 30, 2026 deadline.
.jpg){kind=link}