Frequently Asked Questions

You received a notice because you were identified as a potential victim in this matter and may be eligible for compensation. Between 2014 and 2019, Ruja Ignatova and Karl Sebastian Greenwood, co-founders of OneCoin Ltd., and others, orchestrated a large, international cryptocurrency investment scheme defrauding investors from around the globe. The scheme involved the marketing and sale of fraudulent cryptocurrency, resulting in significant financial losses for victims worldwide.

Several key figures involved in the scheme have been sentenced, and the United States Attorney’s Office in the Southern District of New York pursued criminal forfeiture of property derived from the proceeds of the fraud scheme. Upon the issuance of final orders of forfeiture, the net proceeds of those forfeited assets will be available to compensate victims through the remission process.

If you invested in OneCoin and suffered financial losses, you may be eligible for compensation. Additional information may be found on the documents tab of this website.

Remission is the process by which the Department of Justice compensates victims of crimes using assets forfeited from the perpetrators. The regulations at 28 C.F.R. Part 9 govern the remission process. The Department of Justice’s Money Laundering, Narcotics and Forfeiture Section (“DOJ-MNF”), on behalf of the Attorney General, are the final decisionmakers in remission matters. Remission is a discretionary act by the Attorney General; as such, final decisions are not reviewable in court.

Victims who incurred pecuniary losses directly resulting from the OneCoin scheme may file petitions for remission to receive compensation. If you purchased OneCoin cryptocurrency between 2014 and 2019 and experienced a net loss of your investment when accounting for any completed withdrawals, you may be a potential victim eligible to receive compensation in this matter. However, submission of a Petition Form does not guarantee that you will receive payment.

To be considered, you must complete and sign a petition for remission. You may file your petition on this website. You may also download a paper copy and mail or email it to us using the contact information below:

Email: [email protected]

Mailing address: 

OneCoin Remission

c/o Kroll Settlement Administration LLC

P.O. Box 225391 

New York, NY 10150-5391

Social Security numbers are collected to maintain compliance with the Debt Collection Improvement Act of 1996 (DCIA), 31 U.S.C. § 3716. The DCIA requires the Department of the Treasury and other disbursing officials to offset Federal payments to collect delinquent non-tax debts owed to the United States, or delinquent debts owed to states, including past-due child support enforced by states. If an offset is made during an electronic funds transfer, the Petitioner will receive a notification from the Department of the Treasury at the last address provided by the debtor to the creditor. If you believe that your payment may be subject to an offset, you may contact the Treasury Department at 1-800-304-3107. If you have a Social Security number, failure to provide the number will result in denial of your petition.

No, you do not have to be a U.S. citizen or reside in the United States to file a petition. Victims from around the world who meet the eligibility criteria may apply for remission.

No, you do not need an attorney to file a petition. The process is designed to be accessible to all victims.

No, there is no fee for filing a petition for remission. Neither the Department of Justice nor the Remission Administrator charge fees for you to file a petition or to participate in the remission process.

Please beware of other websites, entities, or communications you may receive claiming to administer the remission process, remission payments, or any other kind of refund from DOJ. Victims are never required to pay or hire an attorney to take part in any DOJ remission process, including the process in this case.

Yes. If the person who invested in OneCoin is deceased, please submit the petition in the name of the deceased and include verification of the death and documents showing that you represent the estate

The loss amount for eligible petitioners will be determined based on the amount of OneCoin purchased and retained, minus any amount recovered from commissions, insurance claims, or other means. Pecuniary losses are calculated in USD. If you purchased OneCoin cryptocurrency using any currency other than USD, your pecuniary loss will be calculated using the exchange rate on the date of purchase/acquisition.

At the time of distribution, the available funds will be allocated, in USD, on a pro rata (proportional) basis to each petitioner based on the documented loss that they incurred.

No distribution date is available; however, the Department of Justice is committed to working as expeditiously as possible to compensate victims. Please check this website periodically for updates. 

Victims who disagree with the remission decision will have an opportunity to request reconsideration by DOJ-MNF. You may file a request for reconsideration of the decision in the manner described in your decision letter. Requests for reconsideration are governed by 28 C.F.R. § 9.1(b)(2). Only one request for reconsideration is permitted.

Participation in the remission process is voluntary. If you choose not to file a petition, you will not receive compensation.

Transactions involving the purchase of OneCoin cryptocurrency qualify for remission. To be eligible for remission as a victim petitioner, you must have purchased OneCoin between 2014 and 2019 and experienced a net loss of your investment when accounting for any completed withdrawals.

Acceptable documentation includes emails from OneCoin, Ltd., order confirmations, copies or screenshots of online account balances, bank statements, wire receipts, and other relevant information. Only complete, unaltered copies of cancelled checks, wire transfers records, bank statements, or similar official transaction records will be accepted as adequate proof of loss. If submitting bank statements, they must show the account holder’s name, date, transaction descriptions, amount, and bank information. DO NOT submit original documents.

You may upload your documentation online during the submission process at www.OneCoinRemission.com. You may also email it to [email protected], or mail to:

OneCoin Remission

c/o Kroll Settlement Administration LLC

P.O. Box 225391 

New York, NY 10150-5391

Please be sure to reference the Unique ID in your Notice in all communication sent via email or physical mail. 

You should consult with a tax professional for guidance on reporting the payment to the IRS.

You can update your contact information by contacting the Remission Administrator by email at [email protected].

More information, including press releases and relevant court documents are available under the Documents tab of this website. If you have any questions which are not addressed within the Notice you received or this FAQ page, you may contact us by emailing [email protected], calling 1-833-421-9748, or writing to:

OneCoin Remission
c/o Kroll Settlement Administration
PO Box 225391
New York, NY 10150-5391

Kroll Settlement Administration (“Kroll”), is a neutral third-party that has been engaged as the Remission Administrator by USDOJ-MNF to assist in notifying potential petitioners, reviewing the petitions, conduct follow‑up communications with petitioners, making decision recommendations, and mailing remission checks to eligible petitioners.