PANews reported on April 14 that, according to Cointelegraph, the U.S. Department of Justice has initiated restitution proceedings against victims of the OneCoin cryptocurrency Ponzi scheme, using assets seized from those involved in the scheme for compensation. The Department of Justice stated that over $40 million in seized assets are available to compensate victims who purchased OneCoin between 2014 and 2019 and suffered net losses.
Launched in Bulgaria in 2014, OneCoin once became the second-largest cryptocurrency, but collapsed due to the token's lack of any practical use. Global investigations indicate that the scheme caused losses exceeding $4 billion to victims worldwide. OneCoin co-founder Ruja Ignatova has been missing since 2017 and is listed as one of the FBI's Ten Most Wanted Fugitives, with a $5 million reward offered for information leading to her arrest. Another co-founder, Karl Sebastian Greenwood, was sentenced to 20 years in prison in September 2023.

