TL;DR:Â
- The United States Department of Justice (DOJ) has launched an official portal to process refund requests for the confiscated funds.Â
- The remission program features an initial base of over $40 million in assets seized from the criminal organization’s leaders.Â
- Estimated global losses exceed $4 billion, affecting approximately 3.4 million users internationally.
The Federal Bureau of Investigation (FBI) and the United States Department of Justice (DOJ) urged those affected by the OneCoin fraud to formally submit their claims before the upcoming deadline of June 30, 2026. The authorities migrated the process to a specialized remission system managed by Kroll Settlement Administration LLC, designed to provide assistance to victims with verifiable net losses.
The FBI reported that the call is strictly limited to individuals who purchased educational packages and tokens from the Bulgarian-born platform between 2014 and 2019. The application submission process was enabled through three specific channels including postal mail, email, and an online form within the dedicated digital platform. Federal guidelines explicitly clarify that filing a petition does not guarantee the automatic return of the investment in any case.
The origin of the pyramid scheme and recovered funds
The business structure of OneCoin Ltd. was born in Bulgaria in 2014 under the leadership of Ruja Ignatova and her partner Karl Sebastian Greenwood. The virtual currency was marketed to the mass public through conferences in international stadiums as the technological tool destined to surpass Bitcoin in market capitalization.
Furthermore, the DOJ added that the company operated through a complex multi-level marketing (MLM) system based on financial packages that included alleged mining rights. However, FBI investigations determined that the tokens delivered and the computing infrastructure backing them completely lacked any real or technological value.
At the close of the first quarter of 2026, the DOJ confirmed that it has a fund exceeding $40 million in assets seized from the firm’s main operators. Federal remission guidelines dictate that these resources will be distributed solely according to the calculation of individual net loss. This figure is obtained by subtracting any completed capital withdrawals from the total amount initially deposited by the user.
Documentation requirements and status of the foundersÂ
The validity and approval of each claim will depend on the quality of the supporting documents attached to the petition form. Affected investors must gather bank transfer receipts, account statements, electronic contracts, and screenshots of the OneCoin platform that unequivocally prove direct financial harm.
Regarding the legal status of those responsible for the OneCoin fraud, on September 12, 2023, Greenwood was sentenced to 20 years in federal prison after pleading guilty to multiple counts of fraud and money laundering. For her part, co-founder Ruja Ignatova maintains her status as an international fugitive since October 25, 2017, the date her trail was lost after boarding a commercial flight to Greece.
The U.S. Attorney’s Office for the Southern District of New York and the FBI currently maintain an active reward of up to $5 million for anyone providing verifiable information leading directly to the capture or conviction of the Bulgarian executive. Following the expiration of the deadline set for this June 30, 2026, the program administrators will evaluate the applications to proceed with the proportional allocation of available liquid funds.
